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Divestment News

26 Aug 2020

Deadline for Air India bids extended till October 30

The process of stake sale in the national carrier was initiated on January 27. This is the fourth extension given by the government for putting in bids. Also the date for intimation to qualified interested bidders (QIB) has been extended by over two months till November 20.

exchange traded fund

13 Sep 2016

FinMin likely to issue CPSE Exchange Traded Fund by Dec

Having zeroed in on fund manager, the Finance Ministry is considering to launch second tranche of Exchange Traded Fund (ETF) comprising stocks of 10 PSUs by the end of December.

13 Sep 2016

Tata Steel Q1 loss widens 10-fold to Rs. 3,183 crore, EBITDA up 21%

Tata Steel started off the financial year 2016-17 on a weak note with the consolidated quarterly loss widening 10-fold to Rs. 3,183 crore compared with Rs. 317 crore in same period last fiscal, dented by discontinued operations (include sale of Scunthorpe assets to Greybull Capital).

Container Corporations of India

09 Mar 2016

Concor stake sale starts, stock slips below floor price

The floor price of Rs 1,195 for the offer for sale (OFS) was at a discount of 2.58 percent over yesterday's closing price of Rs 1,226.65 of Concor on BSE.

Coal India Limited

19 Aug 2015

Coal India stake sale: Trade unions up the ante

Major trade unions of Coal India opposed to any government proposal to 10 percent stake sale in the PSU will soon chalk out a strategy to take their protest forward.

29 Jul 2015

India's divestment deals on slow burner: DBS

Progress on India's divestment front has been slow in the first four months of this fiscal year, a Singapore-based bank said Wednesday.

26 Jul 2015

Power Finance Corp 5% stake on sale

"The floor price of the offer shall be Rs.254 per equity share of Power Finance Corporation (PFC)," the company said in a stock exchange filing.

25 Jul 2015

PFC stake sale floor price at Rs 254; disinvestment on Monday

Government is expected to mobilise around Rs 1,676 crore through the divestment.

08 Apr 2015

Govt kicks off FY16 divestment; REC share sale gets fully subscribed

The government is looking to raise Rs 1,550 crore from sale of 4.93 crore shares in Rural Electrification Corp (REC) through a one-day OFS route at a floor price of Rs 315 apiece.

08 Apr 2015

Govt kicks off FY16 divestment with REC stake sale, floor price at Rs 315 per share

The floor price of Rs 315 a share is at a discount of 2.07 percent over the closing price of Rs 321.65 a share.

28 Jan 2015

Coal India stake sale on January 30

The government will sell its 10 percent stake in Coal India on Friday which may fetch the exchequer about Rs 24,000 crore.

24 Nov 2014

LIC says ready to buy shares in govt divestment programme

State-run insurance behemoth LIC has invested Rs 45,000 crore in equity markets so far this fiscal and is ready to purchase more shares when government undertakes its divestment programme, Chairman S K Roy said Monday.

03 Oct 2014

CERC gives Financial Technologies more time for IEX stake sale

The Central Electricity Regulatory Commission's (CERC) decision came on a plea filed by Financial Technologies (India) Ltd (FTIL) seeking more time to complete the divestment process.

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