Tuesday, January 31, 2023
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Privatisation: After Air India, NINL ownership too goes to Tata group, handover done

Tata Steel Long Products (TSLP) had in January emerged as the winning bidder, putting in bids worth Rs 12,100 crore for loss-making NINL

FSNL disinvestment: DIPAM receives multiple EoIs for FSNL

The government on Monday said it has received multiple preliminary bids for the strategic disinvestment of FSNL (Ferro Scrap Nigam Ltd)

Govt likely to invite preliminary bids for IDBI Bank privatisation next month: Official

The govt is likely to invite preliminary bids for privatisation of IDBI Bank by July-end and is currently holding roadshows in the US, an official said

Disinvestment not for shutting down CPSEs, but to make them more efficient: FM

The principle with which disinvestment is happening now is not to shut down a unit, we need PSUs in many numbers, said Sitharaman

CPSEs to execute sale of units having Cabinet nod for privatisation: DIPAM

The boards of the state-owned companies will be required to submit proposals for the sale of their units or subsidiaries to DIPAM

BPCL disinvestment: Govt officially aborts plan as bidders pull out

The govt has announced its decision to scrap the BPCL disinvestment process since bidders have expressed their inability to continue with the process

Cabinet empowers boards of PSUs to decide on disinvestment of subsidiaries

The Cabinet has empowered the boards of Public Sector Undertakings (PSUs) to decide on the closure and disinvestment of units/subsidiaries

Weak LIC listing due to volatile markets; investors should hold on to stock for long term: DIPAM

LIC on Tuesday listed its shares at a discount of 8.11 percent at Rs 872 per share on NSE while investors got it at Rs 889 and Rs 904 apiece

LIC IPO right sized, keeping in view constraints of market: DIPAM Secretary

Synopsis: The Initial Public Offering (IPO) of state-run Life Insurance Corporation is right sized, keeping in view the constraints of the market, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said

BPCL privatisation on back burner, SCI sale to be reviewed: Report

Synopsis: The turbulence caused by the COVID-19 pandemic and the Russia-Ukraine war has led the government to do some rethinking on some of its big-ticket privatisation plans, like Bharat Petroleum Corporation Ltd (BPCL) and Shipping Corporation of India (SCI)

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