Indian Oil stake sale Monday; govt eyes best 'first half' disinvesment kitty in 7 years

Last Updated: Sunday, August 23, 2015, 17:30

Looking to garner Rs 9,300 crore from Indian Oil share sale Monday, the government expects its disinvestment kitty so far this fiscal to swell to Rs 12,600 crore -- making it the best 'first-half' in 7 years.

DoD says Rs 30,000 cr more realistic target for disinvestment

Last Updated: Wednesday, July 29, 2015, 14:02

Asked to garner a massive Rs 69,500 crore this fiscal, the Department of Disinvestment has told Finance Ministry it may be able to raise only about Rs 30,000 crore given the volatile market conditions.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

Last Updated: Sunday, July 26, 2015, 12:13

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

Last Updated: Sunday, July 26, 2015, 12:13

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

Govt tapping overseas markets to push PSU stake sale

Last Updated: Thursday, July 23, 2015, 21:52

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.

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.

Govt lines up 12 PSUs for stake sale in 2015-16

Last Updated: Monday, April 13, 2015, 15:44

As per the roadmap, 10 per cent stake each would be diluted in Engineers India Ltd (EIL), NALCO, NMDC and Indian Oil Corporation (IOC).

DoD wants subsidy roadmap before ONGC disinvestment

Last Updated: Sunday, March 8, 2015, 11:24

The Department of Disinvestment (DoD) wants the government to lay out a roadmap for fuel subsidy sharing before the Rs 14,000 crore stake sale in Oil and Natural Gas Corp (ONGC), a top official said.

Govt to push for more retail participation in disinvestments

Last Updated: Sunday, February 1, 2015, 16:15

"We will meet Sebi to see if the time frame for opening of demat account can be reduced. It will help new retail investors to apply in the upcoming PSU disinvestments," a government official said.

Govt may sell 5% stake in PFC next week

Last Updated: Saturday, January 24, 2015, 00:00

The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.