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PSU disinvestment News

PSU disinvestment target

19 Apr 2017

Nalco stake sale oversubscribed 1.63 times, scrip dips 7.7%

The PSU disinvestment drive for the current fiscal took off successfully today, with NALCO's share sale oversubscribed 1.63 times by institutional buyers.

19 Oct 2016

NBCC stake sale today; govt likely to raise Rs 2,200 crore

Government will sell its 15 percent stake in state-owned construction company NBCC at a floor price of Rs 246.50 Thursday with an aim to raise Rs 2,200 crore.

Global volatility

21 Feb 2016

Disinvestment target should not be confined to dates: DoD

Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, target for which should not be just confined to dates, a top official has said.

20 Dec 2015

Govt sells $5 billion of PSU shares in 2015, readies 2016 pipeline

Government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through PSU share sales.

28 Jul 2015

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

20 Jul 2015

FM Jaitley to hold review meeting on PSU disinvestment

Sources said the meeting with Disinvestment Secretary Aradhana Johri would focus on the PSU stake sale schedule of the fiscal.

Market regulator

29 Jun 2015

'Sebi decision on OFS not sufficient boost to PSU divestment'

Market regulator Sebi's decision to allow companies disclose Offer for Sale plans two 'banking' days ahead of the issue may not help much in PSU disinvestment, a government official said.

PSU disinvestment

04 Jun 2015

Govt to go ahead with PSU disinvestment as planned: Jaitley

Notwithstanding the slide in stock market, Finance Minister Arun Jaitley on Thursday said government's disinvestment programme will continue as planned.

18 Mar 2015

BHEL disinvestment likely in April; may fetch Rs 3,200 cr

The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16.

03 Feb 2015

CPSE ETF to hit mkts by March; may fetch Rs 5,000 crore

The Finance Ministry is planning to offer the second tranche of CPSE Exchange Traded Fund (ETF) by the end of March, which may fetch Rs 5,000 crore to the exchequer.

12 Jan 2015

Govt to sell stake in more than 1 PSU by March-end: Jaitley

With less than three months left in the current fiscal, Finance Minister Arun Jaitley Monday said the divestment programme would be pursued on priority and involve more than one PSU during this period.

PSU disinvestment

07 Dec 2014

Retail investors to get greater pie in next PSU disinvestments

Government has decided to double the quota reserved for retail investors to 20 percent for the forthcoming stake sales in bluechip companies like ONGC and Coal India.

05 Dec 2014

SAIL offer over-subscribed; Govt to raise at least Rs 1,500 cr

While the new government assumed power in late May, there have been no PSU share sales so far in the current fiscal.

05 Dec 2014

SAIL disinvestment on today, govt to get Rs 1,700 cr

The SAIL offering would be the first PSU share sale under the new government, which targets to raise Rs 43,425 crore.

03 Dec 2014

SAIL disinvestment on Friday, govt to get Rs 1,700 cr

Kicking off its disinvestment drive, the government will sell 5 percent of its stake in steel major SAIL on Friday, which could fetch Rs 1,700 crore to the exchequer.

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