Cabinet approves new strategic disinvestment process
Officials said strategic sale may involve two-stage bidding beginning with an expression of interest.
BPCL asset valuer asked to submit valuation of company in 50 days
The CCEA had on November 20 given a go-ahead for sale of govt's entire stak...
Strategic disinvestment can unleash the bull markets: Madhu Kela
I have not seen this level of wealth destruction in my 30 years in the marke...
BPCL chief hails privatisation move
In a letter to BPCL employees, Chairman D Rajkumar has tried to address their anxiety on privatisation and sought their support in ensuring that daily business goes ‘without any disruption’ during transition.
Assam will remain grateful to govt for maintaining PSU nature of Numaligarh Refinery
The Centre has announced on Wednesday that NRL will not be privatized even as it approved strategic disinvestment of BPCL. Assam chief minister Sarbananda Sonowal had sent a letter to Centre in this regard. The state government stated BPCL is the largest shareholder of NRL and if BPCL is privatized, NRL will go into the hands of private player.
Asset strip, two-phased share sale proposed to make BPCL attractive
The govt is planning to strip some assets from the parent entity while splitting the share sale plan into 2 phases.
IOC, other PSUs not to bid for BPCL, hints Oil Minister Dharmendra Pradhan
The Cabinet on Wednesday decided to sell the government's entire stake in the country's second-largest state refiner BPCL and India's largest shipping company Shipping Corporation of India (SCI). It also approved privatisation of Container Corporation of India while also giving nod to paring stake below 51% in select PSUs but without losing control.
Mamata Banerjee on divestment of PSUs: PM should’ve called all-party meet before taking such decisions
West Bengal CM Mamata Banerjee said disinvestment of PSUs cannot be a permanent solution, also added that PM Narendra Modi should’ve called ...
ET Explains: The long and short of Modi govt's big-ticket privatisation drive
The move to privatise some of these big state-run firms reinforces Modi govt's reform credentials.
If any one divestment does not take place, we would run a big risk : Vikas Khemani, Carnelian Capital Advisors
If one of the disinvestments is successful, it could lead to a good re-rating of the rest of the pack.
Rajya Sabha adjourned till noon as opposition members protest
Soon after laying of listed papers by ministers on the table of the House, Chairman M Venkaiah Naidu said he has received notices from several members to suspend business and take up discussions on the RBI's objection to electoral bonds, and disinvestment of PSUs.
India is not a classic liquidity driven market, it’s quality driven too: Vallabh Bhanshali
Govt has taken a measured response to the economic situation, choosing very carefully what they do.
Privatisation good news for BPCL, bad news for 2 other oil retailing PSUs: Ajay Srivastava
PSU privatisation great for shareholders, govt must run a good process to get good value.
Govt mulling cutting stake in IOC to below 51%
Indian Oil is the third oil company in which it is thinking of cutting stakes.
CPSEs can be globally competitive if government, management roles spelt out: CII
The report, set to be released on Monday, recommends that the government inform the top management of CPSEs about its disinvestment plans, a press release by the CII said. “Given the current environment of divestment uncertainty, it is critical to apprise the CPSE top management in advance, about a decision on this,” the release stated.
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