Monday, December 5, 2022
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Tuhin Kanta Pandey

Govt gets Rs 5,001 cr dividend from ONGC; total dividend from CPSEs reaches Rs 23,797 cr in FY23

The government has received about Rs 5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs to Rs 23,797 crore in FY23

Three PSUs pay Rs 952 cr dividend to Central govt

Three PSUs paid a total of Rs 952 crore as dividend to the Central government, said the Department of Investment and Public Asset Management (DIPAM)

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

Govt to soon invite bids for IDBI Bank privatisation

DIPAM is working on inviting EoI and will soon seek preliminary bids from investors for the privatisation of IDBI Bank, said Secretary Tuhin Kanta Pandey

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

Disinvestment: ONGC OFS opens today. Here’s what you need to know

Synopsis: State-run behemoth ONGC's OFS has opened on Wednesday for non-retail investors. Through the OFS, the Central government is looking to offload 1.50 percent stake in the oil major and raise around Rs 3,000 crore in the process

Govt has received multiple EoIs for privatisation of PDIL: DIPAM Secretary

Synopsis: The Centre has received “multiple expressions of interest” for the privatisation of Projects & Development India Ltd (PDIL), said Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey in a tweet

LIC IPO: Govt files DRHP with SEBI, readies to sell 5% stake

Synopsis: LIC has filed the DRHP with SEBI on Sunday and has said that its much-awaited IPO will constitute 4.99 percent of its post-offer paid-up share capital. LIC IPO, which is expected to be the country's largest public issue, will hit the capital market in March

LIC embedded value finalised, says DIPAM Secretary

Synopsis: Life Insurance Corporation's (LIC) embedded value has been finalised at more than Rs 5 lakh crore, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey has said

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