Monday, December 5, 2022
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PSU Disinvestment

IDBI Bank privatisation: LIC to recover its investment by time of sale

New Delhi: State-owned insurance company LIC is expected to recover its Rs 21,624-crore investment it had made in IDBI Bank as share prices are...

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

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

PSUs to submit stake sale proposal of their subsidiaries to their ministry: DIPAM

PSUs wanting to divest stake in their subsidiaries would be required to submit the proposal to their respective administrative ministries, said DIPAM

BPCL disinvestment not on table as of now, says Puri

Hardeep Singh Puri, Minister for Petroleum and Natural Gas, has said that BPCL disinvestment is not on the table as of now

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

Disinvestment: Decision to privatise RINL in line with new PSE policy, says minister

The government’s decision for disinvestment of RINL is in line with the new PSE Policy, said Minister of State (MoS) for Finance Dr Bhagwat Kishanrao Karad

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)

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

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

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