Fri, Nov 17, 2023
Department of Investment and Public Asset Monetisation (DIPAM) Secretary Tuhin Kanta Pandey said the transaction is "on course" but there are aspects like the RBI's fit and proper criteria which need to be complied with.
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Fri, Mar 17, 2023
DIPAM in October last year invited EoIs for selling a 30.48 per cent stake in IDBI Bank, along with LIC's 30.24 per cent stake in the bank. In January, the government said that it has received multiple Expressions of Interest (EoIs).
Fri, Jan 27, 2023
Currently, the government holds a 60.79 per cent stake in NSL, which is the steel manufacturing facility of India's largest iron ore producer NMDC located in Nagarnar, Chhattisgarh
Thu, Aug 11, 2022
ICICI Securities, SBI Capital Markets, HDFC Bank, IIFL Securities, Axis Capital and Citigroup Global Markets will make their presentations via video conferencing before the government officials on Friday, highlighting their plans in managing the offer for sale
Mon, Jul 18, 2022
DIPAM and SEBI having discussion on making rules for open offer discount in indirect acquisition. Exemption was sought for Petronet LNG, IGL in BPCL disinvestment. Know full news from Tarun Sharma.
Wed, Jun 22, 2022
SEBI officials meeting with DIPAM on disinvestment, discuss issue of exemption in open offer possible. Know what is the full news from Brajesh Kumar.
Mon, Jun 13, 2022
"We may need one more round of discussion with RBI on IDBI strategic sale. The expression of interest (EoI) may be invited by July-end," the official said. The government holds a 45.48 per cent stake in the bank, while LIC owns 49.24 per cent.
Sun, Jun 05, 2022
Since 2016 the Cabinet has given in-principle approval for strategic disinvestment in 35 state-owned companies and/or their units or subsidiaries. Of them, 9 transactions have been completed.
Thu, Apr 21, 2022
BPCL Disinvestment: The government may take a fresh look at BPCL privatisation, including revising the terms of sale, an official said
Fri, Feb 18, 2022
The divestment process of Balmer Lawrie & Co Ltd’s logistics arm is likely to be expedited. It is one of the 8 subsidiaries of the state-run company. The government intends to start selling the subsidiaries one-by-one. Zee Business’ Brajesh Kumar Mishra brings this exclusive report
Sat, Dec 18, 2021
Government is selling its entire 51 per cent stake in Pawan Hans. State-owned Oil and Natural Gas Corporation (ONGC), which holds the remaining 49 per cent, has also offered its entire shareholding in the company for sale along with the government stake
Wed, Dec 01, 2021
After successful disinvestment of Air India, the government gears up for others too. To discuss this in detail, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kant Pandey speaks to Zee Business Executive Editor Swati Khandelwal in an exclusive interview
The third tranche of Bharat Bond ETF will be launched on December 3 to raise around Rs 5,000 crore to fund growth plans of Central Public Sector Enterprises, Edelweiss Asset Management said on Wednesday.
Mon, Nov 29, 2021
Cabinet Committee on Economic Affairs (CCEA) empowered Alternative Mechanism (AM) has approved the highest price bid of Nandal Finance and Leasing Pvt Ltd for sale of 100% equity shareholding of GoI in Central Electronics Ltd (CEL). The winning bid is for Rs 2,100,060,000 (over Rs 210 cr).
Wed, Nov 24, 2021
On October 25, the government signed the share purchase agreement with Tata Sons for the sale of the airline for Rs 18,000 crore. The amount includes payment of Rs 2,700 crore in cash and take over Rs 15,300 crore of the carrier's debt
Sun, Nov 21, 2021
The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 970 crore, according to documents uploaded on the DIPAM website.
Tue, Oct 26, 2021
IRCON, NHPC, CONCOR and Hindustan Copper Ltd have respectively paid about Rs 148 crore, Rs 294 crore, Rs 67 crore and Rs 24 crore as dividend tranches to GoI, the DIPAM Secretary tweeted
Sun, Sep 05, 2021
The initial public offering of WAPCOS is likely to be launched by March end, an official said. The department of Investment and Public Asset Management (DIPAM) had on February floated tenders for engaging a registrar and an advertising agency for selling up to 25 per cent stake in WAPCOS through an IPO
Sun, Jul 04, 2021
The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January, an official said
Mon, Jun 07, 2021
In its bid to privatise two state-run banks as unveiled by Finance Minister Nirmala Sitharaman in her Union Budget speech 2021, the Narendra Modi government may soon finalise plans to sell Centre's stake in Central Bank of India and Indian Overseas Bank (IOB). This is part of Government’s mega privatisation initiative which also include sale of other state-run companies like BPCL
Mon, Jan 04, 2021
The government on Sunday invited preliminary bids for strategic sale of 26 per cent stake along with transfer of management control in defence PSU BEML.
Tue, Dec 22, 2020
In this video, know about the plans of the government regarding disinvestment from Tuhin Kanta Pandey, the Secretary of DIPAM (Department of Investment and Public Asset Management).
Fri, Dec 11, 2020
The government on Thursday said it will intimate qualified interested bidders (QIBs) of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020
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