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Niti Aayog working on second list of PSU divestment

Sep 06, 2016

Niti Aayog working on second list of PSU divestment

In June, the think tank had submitted to the government the roadmap for closure and strategic sale of government stake in some PSUs #Disinvestment #PSUs #Arvind Panagariya #NMDC #NHPC #MMTC #Anant Geete #Niti Aayog #strategic sale
NMDC may borrow for expansion next fiscal as buyback plan to drain out cash

Jun 22, 2016

NMDC may borrow for expansion next fiscal as buyback plan to drain out cash

NMDC's buy-back of up to 25 percent of its own shares will raise as much as Rs 7,530 crore for the government which owns four-fifths of the company #coal india #Nalco #NMDC #buyback #dividend payout #cash reserves
Disinvestment push: Govt okays 10% stake sale in HUDCO

Jun 15, 2016

Disinvestment push: Govt okays 10% stake sale in HUDCO

CCEA also approved allowing a price discount of up to 5 percent on the issue price to retail investors and HUDCO employees #Disinvestment #Nalco #retail investors #NMDC #MOIL #Hudco #NHPC #Prime Minister Narendra Modi
NMDC stake sale: Govt invites bids from merchant bankers for Rs 3,900 cr OFS

Apr 22, 2016

NMDC stake sale: Govt invites bids from merchant bankers for Rs 3,900 cr OFS

Government currently holds 80 per cent stake in the PSU, which has a paid up capital of Rs 396.47 crore #Disinvestment #stake sale #NMDC #merchant bankers #OFS
DoD wants disinvestment target scaled down to Rs 30K cr

Oct 26, 2015

DoD wants disinvestment target scaled down to Rs 30K cr

In 2012-13, the government had raised Rs 23,956 crore as against the target of Rs 30,000 crore. #Sensex #Disinvestment #oil #NewsTracker #coal india #NTPC #ONGC #BSE #BHEL #Nalco #NMDC #Department of Disinvestment
Govt to sell 10% stake in IOC to raise Rs 9,500 cr on Monday

Aug 21, 2015

Govt to sell 10% stake in IOC to raise Rs 9,500 cr on Monday

The IOC stake sale will, however, dwarf in front of Rs 22,557 crore that the government raised through a stake sale in Coal India Ltd last year. #Disinvestment #coal india #ONGC #Indian Oil #Citigroup #Arun Jaitley #Nomura #Nalco #NMDC #Dharmendra Pradhan #JM Financial #Kotak Securities #Deutsche Equities
Govt has drawn list of PSUs for strategic sale: Arun Jaitley

Mar 25, 2015

Govt has drawn list of PSUs for strategic sale: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said the government has drawn a list of state-owned companies which will be put on block for strategic sale. #PSUs #finance ministry #Narendra Modi #NewsTracker #Arun Jaitley #IOC #BHEL #Nalco #NMDC #Hindustan Aeronautics #RINL
India expects to raise $3.6 bn from share sale in four firms: Jayant Sinha

Mar 20, 2015

India expects to raise $3.6 bn from share sale in four firms: Jayant Sinha

The cabinet has already approved the sale of 5 percent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 percent each in Nalco and NMDC Ltd, Sinha told lawmakers in a written reply in the Lower House of Parliament. #India #NewsTracker #ONGC #Arun Jaitley #Nalco #NMDC #Bharat Heavy Electricals Ltd #Jayant Sinha
Bhel disinvestment likely in April, may fetch Rs 3,200 cr

Mar 18, 2015

Bhel disinvestment likely in April, may fetch Rs 3,200 cr

In March 2014, the government had sold 4.66 percent stake in Bhel to LIC through a block deal for around Rs 1,800 crore. #Disinvestment #IOC #BHEL #CompanyWatch #Nalco #NMDC #LIC