The government’s target price for its 52.98% stake is based on the value of BPCL’s assets.Besides Vedanta Group, two American funds—Apollo Global and I Squared Capital—have reportedly submitted their...

Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner

Air India's divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said.Tata Group and US-based fund Interups Inc were among 'multiple'...

Advisors will also be required to suggest necessary changes to LIC Act to take it public.There are 24 life insurers in India, with state-run LIC being the largest, commanding a 69% market share as of...

The government said the deadline for submitting initial bids would be February 13.

The government is aggressively going ahead with privatisation of state-run companies such as Bharat Petroleum Corporation Limited, Container Corporation of India, Shipping Corporation of India and...

Through the OFS, the government has proposed to sell 2.4 crore shares, constituting 15% paid-up share capital of the company, with an option to sell an additional 80 lakh shares or 5% stake in case...

The dedicated market borrowing arm of the Indian Railways plans to raise Rs 4,633 crore through a maiden offer.

The government’s divestment agenda perks up with three new viable candidates.

Through the OFS, the government proposes to sell 3,34,38,750 equity shares, constituting 10 per cent paid-up share capital of the company, with an option to sell an additional 5 per cent stake or...

The Miniratna status builder of warships, submarines and commercial vessels plans to raise Rs 444 crore through the maiden offer.

BDL is the second OFS launched by the government in the current financial year.

At the current market price, the government can raise about Rs 360 crore by selling 10 per cent stake in the company.

The government has drawn a list of four PSU banks, namely, Punjab & Sind Bank, Bank of Maharashtra, UCO Bank, and IDBI Bank, in which it directly or indirectly holds majority stakes, and wants to...

Neelachal Ispat Nigam Ltd (NINL) is a joint venture company, in which four central PSUs -- MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electricals Ltd (BHEL) and MECON -- and...

Invites bids from merchant bankers to manage IPO

The government will appoint up to three merchant bankers for managing RVNL share sale.During the current financial year, the government has mopped up ₹6,138.48 crore through OFS and IPO of PSUs

Department of investment and public asset management (DIPAM) completed strategic disinvestment of GOI stake of 66.67% in Kamarajar Port Ltd .

The government undertook Offer for Sale for 10% of paid-up equity in RITES Limited on 22-25 Nov .Shares of the railways consultancy firm have slumped nearly 8% in past three sessions on the governm...

With this, the total disinvestment proceeds in the current financial year stand at over ₹46,500 crore.

With this, the total disinvestment proceeds in the current financial year stand at over ₹46,500 crore.

The government currently holds 89.18 per cent stake in IRCON International Ltd.

India Business News: Mumbai: Government is set to offer 10% shares in the country’s largest non-life insurance company New India Assurance through an offer for sale to the.

India Business News: Mumbai: Government is set to offer 10% shares in the country’s largest non-life insurance company New India Assurance through an offer for sale to the.

The government has separately sought bids from merchant bankers or selling brokers in the transaction, the last date for which has been set at January 28.

The President of India, acting through the Union Steel Ministry, has sold 8,05,82,119 equity shares of NMDC Ltd (the target company), amounting to 2.63 per cent stake, to an asset management company (

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

The government would appoint a transaction advisor from reputed consulting firms, investment bankers or financial institutions for providing advisory services to the Department of Investment and...

In the past seven trading days, BEML stock has advanced 36 per cent

The selected bidder will be required to lock in its shares for a period of three years.This is yet another CPSE which government is slated to privatise

Babul Supriyo said the inter-ministerial group has identified five units for disinvestment in the first phase - Mandhar, Kurkunta, Bhatinda, Nayagaon, Charkhi Dadri.

The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds 49 per cent stake.