FinMin mulling transferring stake in divestment-bound oil PSUs

Last Updated: Monday, July 20, 2015, 21:31

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

FM Jaitley to hold review meeting on PSU disinvestment

Last Updated: Monday, July 20, 2015, 16:13

Sources said the meeting with Disinvestment Secretary Aradhana Johri would focus on the PSU stake sale schedule of the fiscal.

Completion of disinvestment in 10 PSUs to depend on market: Govt

Last Updated: Sunday, July 19, 2015, 12:16

"The market and other related conditions will determine transaction completion time," DoD has told the merchant bankers to their query whether all the transactions would be completed in three years.

BSE lays down new norms for bidding in OFS segment

Last Updated: Friday, July 3, 2015, 16:16

Leading stock exchange BSE has issued a new set of guidelines for bidding in the Offer for Sale segment, that requires companies to disclose their OFS plans two banking days in advance.

'Sebi decision on OFS not sufficient boost to PSU divestment'

Last Updated: Monday, June 29, 2015, 21:04

Market regulator Sebi's decision to allow companies disclose Offer for Sale plans two 'banking' days ahead of the issue may not help much in PSU disinvestment, a government official said.

Stable stocks to give divestment programme a big lift

Last Updated: Sunday, June 28, 2015, 13:06

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

Govt to go ahead with PSU disinvestment as planned: Jaitley

Last Updated: Thursday, June 4, 2015, 18:49

Notwithstanding the slide in stock market, Finance Minister Arun Jaitley on Thursday said government's disinvestment programme will continue as planned.

Jaypee initiates steps to disinvest assets worth Rs 22,000 cr

Last Updated: Wednesday, June 3, 2015, 18:47

The shares of Jaiprakash Associates closed at Rs 13.05 a piece on BSE, down 20.67 percent.

'Disinvestment target of Rs 69,500 crore looks daunting'

Last Updated: Wednesday, June 3, 2015, 16:01

Downturn in the stock markets on fears of a deficient monsoon and the impending hike in interest rates in the US will make it difficult for the government to meet its ambitious disinvestment target of Rs 69,500 crore for the current fiscal.

Sebi should decide fast on halting PSU stock trade on stake sale day: Govt

Last Updated: Sunday, May 24, 2015, 11:52

Currently, once a disinvestment proposal is firmed up, the decision has to be intimated to the stock exchange two days before the sale.

Revamped CPSE ETF by October; EPFO, NPS to park fund

Last Updated: Thursday, May 21, 2015, 16:04

The Finance Ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.

No difficulty in strategic sale of some PSUs: FM Jaitley

Last Updated: Thursday, May 14, 2015, 19:41

The government is looking at an outright sale of certain public sector undertakings through a strategic partner, Finance Minister Arun Jaitley said Thursday indicating the first such sale could of PSUs under the Tourism Ministry.