Friday, December 9, 2022
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PSU Privatization

Govt may invite financial bids for BEML privatisation in Dec quarter

The Government is likely to invite financial bids for the privatisation of BEML in the December quarter, an official said

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

"Financial bids for strategic disinvestment of Central Electronics Ltd (CEL) received by Transaction Adviser. The process now moves to concluding stage," said DIPAM secretary Tuhin Kanta Pandey

Cabinet approves strategic disinvestment & transfer of management control in IDBI Bank

The CCEA, chaired by Prime Minister Narendra Modi, has given its in-principle approval for the strategic disinvestment, along with transfer of management control, of IDBI Bank Ltd

To vet three EoIs BPCL bid evaluation committee to meet today

The high-powered BPCL bid evaluation committee meets Tuesday to see transaction advisor Deloitte's report on the scrutiny of the three bids that were received at the close of bidding last month

Govt begins process for disinvestment of 15% stake in TCIL

The government has begun the process for the disinvestment of minority stake in TCIL, two notifications posted on the DIPAM website showed

THDC, NEEPCO disinvestment: NTPC gets CCI nod to pick up govt stake

The CCI gave a nod to the disinvestment of government’s shares in state-run THDC India Limited and NEEPCO, allowing NTPC to proceed with the deal

Here’s why BPCL EoI is taking so long to be out

According to a senior source in the know of the matter, the BPCL EoI is stuck at the Alternate Mechanism-level with the ministers

What will disinvestment in FY21 be like?

The current financial year may have seen the government trimming its target, but disinvestment in FY21 will be anything but conservative, said sources from DIPAM

Divestment target: Minority stake sale to chip in Rs 15,000 cr before March-end

Minority stake sale in various PSUs and the NTPC-THDC-NEEPCO deal are expected to help the government meet the revised divestment target

In Q3, BPCL posts 26% drop in net profit quarter-on-quarter

State-owned BPCL has posted a 26 percent drop in standalone net profit quarter-on-quarter in Q3 of FY2019-20 at Rs 1260.63 crore

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