Government considering reducing Air India's debt and delaying its disinvestment
More time is likely to be given to bidders to submit their bids and it will delay the disinvestment process further. The deadline to submit bids has already been extended four times this year. The fourth extension was given on August 25 when the deadline for placing bids for Air India was pushed by two months to October 30 as the COVID-19 fallout has disrupted economic activity globally.
Sub-committee for disinvestment formed for sale of PSIDC stake in PACL
The committee of core group of officers on disinvestment, chaired by t...
LIC made Rs 13,000 cr profit in equity till August this fiscal: MD
The insurer has collected about Rs 87,300 crore of renewable premium till ...
Indiabulls Housing to raise Rs 2,200 crore via QIP, stake sale
The mortgage lender has launched a qualified institutional placement (QIP) offering to raise money from institutional investors, the company said in a stock exchange filing late Wednesday. Indiabulls will raise around Rs 770 crore through the share sale.
Bharat Dynamics OFS subscribed 76% on last day
The government will likely raise about Rs 770 crore from the BDL OFS.
Government raises Rs 770 cr from Bharat Dynamics stake sale
“BDL OFS concluded today with a total subscription of about 2.34 crore shares worth Rs 770 crore from institutional and retail investors,” secretary of department of investment and public asset management (DIPAM) Tuhin Kanta Pandey said.
Bharat Dynamics OFS gets off to smooth start, institutional buyers oversubscribe
The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price of Rs 330 apiece.
Air India disinvestment: Govt extends deadline for expression of interest to October 30
The central government has extended the deadline for expression of interest for proposed strategic disinvestment of Air India for two months...
Air India must be privatised or it will close down: Hardeep Singh Puri
Union Civil Aviation Minister Hardeep Singh Puri stated that the National carrier Air India must be privatised or it will close down. Puri s...
HAL OFS received enthusiastic response from non-retail investors: Dipam Secy
"Offer for sale of 15% government shares in HAL was subscribed 1.60 times by non-retail investors. The government has decided to exercise the green shoe option," said Tuhin Kanta Pandey, secretary of department of investment and public asset management (DIPAM).
Sebi tightens disclosure rules for PMS, seeks distributor commission details
R Pallava Rajan, Founder, PMS Bazaar said, “Disclosure of distribution commission was not mandated in the PMS industry so far. As per new regulations, now PMS investors will also know the distributor commission details. In the mutual fund industry investors already know how much commission their distributor earns.”
Government to sell up to 15% stake in HAL via OFS on August 27-28
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 1,67,19,375 equity shares (oversubscription option).
Government hints at fresh stimulus for growth
The statement came as expenditure secretary T V Somanathan indicated that another stimulus package may be considered, although it may not happen immediately.
No divestment yet against target of Rs 2.1 lakh cr for 2020-21
In fact, during presentations to Prime Minister Narendra Modi a few weeks ago, there were suggestions that asset monetisation could help the government cover a part of the higher spending needed for providing another economic stimulus.
Structural reforms govt's key priority, need to move fast on disinvestment: FM Sitharaman to India Inc
As the government's mega disinvestment plans have slowed down amid the pandemic, Finance Minister Nirmala Sitharaman on Tuesday said that th...