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Tag results for... "dipam"

Asset monetisation: Govt to monetise IOC’s 2 product pipelines, 1 LPG pipeline by FY23, say sources

The move is based on the recommendation made by Niti Aayog, which has suggested monetisation of 4,700-km-long pipelines of IOC and HPCL in the first phase This would be in addition to the.......

PSUs pay Govt more than Rs 800 Cr as dividend in tranches: DIPAM

New Delhi: DIPAM Secretary Tuhin Kanta Pandey on Monday tweeted that the Government has received over Rs 800 crore as dividend tranches combined from Oil India Ltd (OIL), Kudremukh Iron Ore Company.......

Govt to soon set up a company for monetisation of privatisation-bound PSU assets

An SPV in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer, said the DIPAM Secretary The Department of Public Enterprises (DPE).......

Sale of Central Electronics Ltd reaches concluding stage, financial bids received

New Delhi: The process of the sale of the state-run Central Electronics Ltd (CEL) has moved to a concluding stage. Govt on Tuesday said that the financial bids for strategic disinvestment of.......

Air India privatisation: Homecoming for AI as Tata Sons wins bid for Rs 18,000 cr

The second highest bid was placed by a consortium led by SpiceJet Chairman and Managing Director Ajay Singh for an enterprise value of Rs 15,100 crore Both the bids were above the reserve price.......

Govt reaches out to CIL for listing CMPDIL, divestment of 10% paid-up capital

CMPDIL is a wholly-owned subsidiary of CIL and listing it separately would involve spinning it out as an independent company The government has been mulling spinning off CIL’s.......

No decision has been taken on Air India so far: Piyush Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal on Saturday said the government has not taken any decision on Air India so far and the final winner will be selected through a well-defined.......

DIPAM denies reports of Tata Sons winning Air India bid

Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect, said the DIPAM Secretary in a tweet Tata Group and SpiceJet Chairman Ajay.......

Disinvestment: Govt to offload upto 10% stake in Hindustan Copper; OFS opens on Sep 16

The Centre plans to sell 5 percent of its stake in the company and exercise the greenshoe option to sell an additional 5 percent in case of oversubscription The floor price for the OFS is Rs 116.......

Air India disinvestment in concluding stage: DIPAM Secretary

Air India disinvestment now reached in concluding stage, said DIPAM secretary Tuhin Kanta Pandey Tata Sons has put in a bid for the Air India disinvestment  New Delhi: The.......

LIC IPO: Govt invites fresh bids from law firms as first RFP gets lukewarm response

DIPAM invites fresh bids for LIC IPO from law firms as the first RFP receives lukewarm response The first RFP inviting bids from reputed legal advisors was floated on July 15 with the last date.......

After 17 years, India needs to see some PSU privatisation: DIPAM Secretary

‘As much as the government would like to disinvest, we also need businesses to come forward and participate in our bidding process’ ‘There have been delays and pushbacks.......

HUDCO OFS subscribed 1.96 times on Day 1; govt to exercise green shoe option

At the end of the day on Tuesday, the HUDCO OFS was subscribed 1.96 times Against the base issue size of over 9.90 crore shares, institutional investors have put in bids for 19.40 crore.......

LIC IPO: Govt begins process to take LIC public, invites bids from BRLMs, legal advisors

The potential size of the (LIC) IPO is expected to be larger than any precedent in Indian markets, said DIPAM Once the valuation is done, book-running lead managers (BRLM) will help DIPAM in.......

Disinvestment: BEML forms BEML Land Assets Ltd for demerger of non-core assets

BEML had announced the appointment of Deloitte as consultant for advising, undertaking and implementing demerger of non-core assets ahead of its disinvestment The government has plans to hive.......