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Tag results for... "psu-disinvestment-news"

Widespread mergers, closures of Railway PSUs likely; RVNL, CRIS, CORE, RailTel on list

RVNL proposed to be merged with IRCON Braithwaite & Co Ltd to be merged with RITES RailTel to be merged with IRCTC, CRIS to be wound up A new PSU to be formed to head Railways’ 8.......

No of loss-making PSUs in India up, no of profit-making PSUs down in last 5 yrs: Dr Karad

The number of loss making CPSEs were 79 in 2015-16, 81 in 2016-17; 72 in 2017-18; 69 in 2018-19 and 84 in 2019-20, said Dr Karad The number of profit-making PSUs was 175 in 2016-17, 183 in.......

HUDCO OFS receives underwhelming response from retail investors on last day

On the final day of the offer, it was subscribed 0.27 times as bids were received for 29,45,472 shares against the base issue size of 1,10,10,450 shares Stock analysts had predicted that retail.......

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.......

Govt has approved disinvestment of 35 PSUs since 2016: Dr Bhagwat Karad

Disinvestment has been completed in 8 PSUs so far A total of 21 PSUs are being currently under the process of disinvestment or privatisation New Delhi: The Centre has approved the.......

Privatisation would be primary mode of PSU disinvestment: MoS Finance

The Centre has so far raised Rs 7,645.70 crore from PSU disinvestment against a target of Rs 1.75 lakh crore, Dr Karad told the Lok Sabha The initial public offer (IPO) of Life Insurance.......

NMDC Board approves de-merger of Nagarnar Steel Plant for disinvestment

The CCEA had given its ‘in-principle’ approval on October 14, 2020, to the demerger of Nagarnar Steel Plant from NMDC Ltd and its strategic disinvestment According to NMDC Vision.......

Govt shortlists ArcelorMittal, JSW Steel & MEIL for NINL disinvestment

The data room has been opened up for the three shortlisted bidders, who will now participate in the RfP stage The draft share purchase agreement has been issued and site visits have been.......

SCI disinvestment: SCI opens Virtual Data Room (VDR) for bidders

VDR access is an important step in the SCI disinvestment process The VDR access will give bidders access to detailed financial information about SCI necessary for making a financial bid New.......

BPCL disinvestment: Govt mulling amendment in FDI policy, say sources

Only 49 percent FDI in petroleum sector is allowed in by Public Sector Undertakings (PSUs), without any disinvestment or dilution of domestic equity in the existing PSUs A proposal has.......

SCI disinvestment: Govt shortlists MEIL, ex-SCI employee consortium & US-based company

The list of shortlisted bidders includes US-based Safesea, Hyderabad-based MEIL and a consortium led by non-resident Indian businessman Ravi Mehrotra The three bidders have also.......

COVID: Bidders seek extensions in deadlines, BPCL, Air India disinvestment likely to get delayed

A source said that DIPAM has already received requests from bidders for delaying the submission of financial bids However, the source added that the disinvestment targets for FY22.......

Employees urge govt to restart NINL’s idle Oxygen Plant for COVID-19 patients

NINL has an oxygen plant with a capacity to produce 418 tonnes of Oxygen per day The oxygen plant at NINL was commissioned in April 2013 New Delhi: The executives association at.......

FM to hold review meeting on disinvestment this week, take call on bank privatisation: Sources

Officials feared that if partial lockdown in certain parts of the country continue or are enforced more severely, it will impact both the market and investor sentiment For FY22, the.......