Wed, Oct 18, 2023
HUDCO OFS opens today: The offer for sale (OFS) for over 14.01 crore shares or a 7 per cent stake opens today.
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Wed, Jan 11, 2023
The Department of Investment and Public Asset Management (DIPAM), which manages government holding in state-owned enterprises, had in October invited bids for selling 30.48 per cent stake in IDBI Bank, along with 30.24 per cent stake of LIC.
Sun, Jan 08, 2023
Currently, the government and the Life Insurance Corporation (LIC) hold 94.71 per cent in the lender. The successful bidder will have to make an open offer for acquisition of 5.28 per cent of public shareholding.
Tue, Dec 06, 2022
As part of the primary dealer activity, IDBI Bank is involved in market making activities in respect of G-Secs, including T-bills. IDBI's treasury actively participates in primary auction of government bonds.
Tue, Oct 11, 2022
Last week, the government had received Rs 81 crore and Rs 31 crore from IRCTC and Bhartiya Rail Bijlee Co Ltd, respectively, as dividend tranches.
Fri, Jun 10, 2022
The principle of the government's disinvestment programme is not to shut down any unit or company but to make them more efficient and professionally driven, said Finance Minister Nirmala Sitharaman on Friday, as per PTI report.
Fri, Apr 29, 2022
Tuhin Kanta Pandey said on Friday that the IDBI Bank privatisation process is underway and that the quantum of the stake sale will be determined when the roadshow is completed.
Wed, Apr 06, 2022
Indian government can start the divestment process of Bharat Petroleum Corporation Limited (BPCL) in a new way and scrap the current process of divestment .
Wed, Mar 09, 2022
The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.
Fri, Mar 04, 2022
LIC IPO: However, in the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale.
Thu, Jan 27, 2022
LIC IPO is crucial for meeting the disinvestment target set for the current fiscal ending March 2022.
Wed, Nov 17, 2021
The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM) said on Wednesday.
Fri, Sep 10, 2021
The listing of LIC will be crucial for the government in meeting its disinvestment target of Rs 1.75 lakh crore for 2021-22 (April-March).
Thu, Dec 24, 2020
Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), about EoI of Shipping Corporation of India, BEML, government’s plans regarding disinvestment, OFS plans and divestment target during an exclusive interview with Swati Khandelwal, Zee Business.
Sat, Jul 20, 2019
Finance Minister Nirmala Sitharaman in Union budget 2019-20 had announced that the government will bring CPSE ETF on the lines of ELSS.
Wed, Jul 17, 2019
The recent Budget announcement of a 20 per cent tax on share buybacks could marginally affect the equity repurchase plans of the CPSEs but still it will remain an important mechanism to achieve the disinvestment target of Rs 1.05 lakh crore in fiscal 2020, a top official of the sell-off department said.
Sun, May 12, 2019
Facing a daunting task of meeting the Rs 90,000-crore disinvestment target in the current fiscal, the Department of Investment and Public Asset Management (DIPAM) will focus on outright sale of selected CPSEs, which have been pending for long. NITI Aayog has already identified 35 profitable and loss-making CPSEs which can go in for strategic sale.
Sun, Mar 24, 2019
During the current fiscal, share sale through Exchange Traded Funds (ETFs) has yielded the highest amount of Rs 45,729 crore, followed by Rs 14,500 crore from acquisition of the government's 52.63 per cent stake in REC by state-owned Power Finance Corporation (PFC).
Sun, Feb 03, 2019
NITI Aayog recently submitted to the DIPAM the fifth list of CPSEs, profitable as well as non-profitable, which can go in for a strategic sale. This takes the total number of CPSEs identified for strategic disinvestment to 35.
Sun, Jan 06, 2019
"The draft Cabinet note has been floated for inter-ministerial comments. We hope to place the asset monetisation framework before the Cabinet this month," the official told PTI.
Tue, Dec 11, 2018
Another proposal involves enabling mutual funds to undertake 'side pocketing' of debt and money market instruments in case of a credit event while ensuring fair treatment to all unit holders.
Sat, Nov 17, 2018
The Debt ETF would help these state-run companies and banks help meet the capex and business needs by leveraging their aggregate strength.
Wed, Feb 22, 2017
This will be the second government OFS in 2017, the last being the sale of its 10% in Manganese Ore (India) Ltd (MOIL) raising Rs 480 crore.
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