PSU stake sale | Zee News

Advertisement

NewsPSU stake sale

PSU stake sale News

22 Jun 2018

'HSCC, EPIL in advanced stages for merger with similarly placed CPSEs'

The government last October invited bids from similarly placed central public sector enterprises (CPSEs) for buying out entire 100 percent stake in them, along with management control.

20 Apr 2017

Nalco stake sale fully subscribed, retail buyers outbid

The offer for sale (OFS) opened to institutional investors yesterday, wherein foreign fund houses and domestic institutions bid for 1.84 times the shares on offer.

27 Oct 2016

Cabinet gives in-principle approval to strategic stake sale in PSUs

The Union Cabinet on Thursday gave in-principle approval to the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones.

22 Oct 2016

PSUs to soon undergo strategic stake sale

After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.

State-owned companies

21 Oct 2016

Government set revive strategic stake sale in PSUs; Cabinet decision shortly

After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.

08 Jul 2016

'Strategic divestment in Public Sector Undertakings within 6 months'

Government is expected to go ahead with the strategic divestment in public sector units (PSUs) within the next six months besides closing down sick firms that are beyond revival, NITI Aayog Vice Chairman Arvind Panagariya said.

03 Jul 2016

PSU stake sale: Government to prioritize companies for strategic disinvestment on July 5

An inter-ministerial meeting of secretaries, on July 5, is likely to shortlist the loss-making and sick government companies for stake sale or closure, from the list of companies NITI Aayog submitted to the Prime Minister's Office in June.

25 Apr 2016

Govt not likely to dilute SUUTI stake in listed companies in current fiscal

Rejecting need to dilute stake in private companies through SUUTI route, government has said that it is certain to meet its disinvestment target for the current fiscal through offloading minority interests and strategic sale of state-owned companies.

23 Feb 2016

Sensex & PSU stake sale: Stock market down for 17th time

In contrast, there have been only three occasions in the past when the Sensex has registered a gain on a day of Offer For Sale (OFS) by a PSU.

18 Nov 2015

Cabinet approves 10% divestment in Coal India

The Union Cabinet on Wednesday approved 10 percent stake sale in Coal India that could fetch up to Rs 20,000 crore to the exchequer.

14 Nov 2015

PSU stake sale: Govt begins consultations to sell loss-making public companies

Government has put the strategic sales of PSUs on the fast track and has begun consultations for putting a framework to outline a process for the same.

26 Oct 2015

Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore

The Department of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.

05 Oct 2015

Volatile markets may slow down PSU stake sale: FM Jaitley

Volatile stock markets may compel government to go slow in diluting PSU stocks in the stock market, said Finance Minister Arun Jaitley

27 Jul 2015

PFC stake sale fully subscribed, government may get Rs 1,600 cr

PFC is the second PSU to be divested in the current fiscal under the government's disinvestment programme.

23 Jul 2015

Govt tapping overseas markets to push PSU stake sale

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.

13 May 2015

Cabinet approves stake sale in IOC, NTPC; may fetch Rs 13,600 crore

The government will sell its 10 percent stake in blue-chip Indian Oil Corporation (IOC) and 5 percent in power producer NTPC to mop up about Rs 13,600 crore in this fiscal's first disinvestment approval.

13 May 2015

Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil

The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.

Finance Ministry

01 Jan 2015

Fiscal deficit position to improve in Jan-Mar quarter: Finance Ministry

The Finance Ministry is expecting an improvement in the fiscal position in January-March quarter on a likely pick up in tax revenue realisation, receipts from spectrum auction and stake sale of PSUs.

Finance Ministry

15 Jun 2014

FinMin asks DoD to complete groundwork for PSU stake sale

The Finance Ministry has asked the Department of Disinvestment to complete the groundwork for stake sales in state-owned companies soon after the budget to take advantage of the bull phase in the stock market.

Loading...

NEWS ON ONE CLICK