Tuesday, January 31, 2023
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IDBI Bank sale: Corporates cannot be bidding consortium members due to RBI norms

Large corporates have been disallowed from being even a minority shareholder in consortium wanting to bid for 61 percent stake in IDBI Bank

Disinvestment: Bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal

The financial bids for IDBI Bank privatisation is likely to be invited by March and the conclusion of the sale is expected in the next year, officials said

LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year

WAPCOS files IPO papers with Sebi; govt to divest stake

Public sector company WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an IPO (Initial Public Offering)

Disinvestment more about reforms than fiscal management: DIPAM Secretary

Disinvestment should be looked at more from the angle of reforms, rather than fiscal management, DIPAM Secretary Tuhin Kanta Pandey told India Inc

HLL Lifecare Ltd: SC seeks govt’s response on plea challenging disinvestment

The Supreme Court on Friday sought a response from the Centre and others on a plea challenging the disinvestment process of HLL Lifecare Ltd

SAIL’s weak operational performance, elevated debt levels affected credit profile: CAG

The CAG has said that weak operational performance, elevated debt levels & rise in interest cost have affected SAIL’s credit profile during the last 5 years

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

Advance action on bank privatisation underway: DFS secretary

Advance action is underway on bank privatisation in line with the announcement made by the FM, said DFS Secretary Sanjay Malhotra said

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

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