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.

Govt likely to sell 10% stake in IOC this fiscal, to fetch Rs 8,150 cr

Last Updated: Wednesday, January 14, 2015, 16:57

The government is likely to sell 10 percent of its stake in Indian Oil Corp, the nation's biggest company, this fiscal to raise about Rs 8,150 crore.

FinMin to use Facebook, Twitter to push disinvestment

Last Updated: Sunday, January 4, 2015, 11:13

The Department of Disinvestment in the Finance Ministry will hire an advertising or public relation agency for the purpose.

DoD identifies SJVN, MOIL for disinvestment in 2014-15

Last Updated: Sunday, December 14, 2014, 11:32

"The disinvestment department has included 10 percent stake sale each in SJVNL and MOIL for disinvestment in current fiscal," a government official told PTI.

Disinvestment dept to make NTPC FPO presentation on Dec 15

Last Updated: Sunday, December 9, 2012, 18:11

On November 22, the government had approved sale of its 9.5 percent stake in the country's largest power producer NTPC.

FM confident of meeting Rs 30,000 cr disinvestment target

Last Updated: Monday, October 29, 2012, 15:49

Finance Minister P Chidambaram on Monday expressed confidence that the government will raise Rs 30,000 crore from stake sale in the public sector undertakings (PSUs) in the next five months.

Govt discusses possibility of listing PSU subsidiaries

Last Updated: Monday, April 9, 2012, 18:27

The Disinvestment Department (DoD) on Monday held inter-ministerial discussion on the possibility of listing profitable subsidiaries of public sector units (PSUs), a move that would enhance financial resources of the state-owned companies and promote disinvestment programme.

DPE asks PSUs to gear up for buyback of shares

Last Updated: Wednesday, March 28, 2012, 19:24

In order to help the government meet its disinvestment target of Rs 30,000 crore next fiscal, the Department of Public Enterprises has asked listed state- owned companies to gear up for buyback of their shares.

DoD awaiting SEBI guidelines on buyback of equity

Last Updated: Friday, January 20, 2012, 17:42

Disinvestment Department is awaiting SEBI guidelines on the revised buyback and institutional placement norms for formulating new strategy to sale government stake in public sector units to move towards its Rs 40,000 crore divestment target.

DoD for speedy appointment of independent directors in PSUs

Last Updated: Monday, November 7, 2011, 16:28

The Disinvestment Department wants ministries concerned to fast track appointment of independent directors in PSUs like BHEL and RINL, so that they can move ahead with the stake sale programme.

Govt prepares list of cash-rich PSUs for share buyback

Last Updated: Sunday, November 6, 2011, 13:06

The Disinvestment Department has prepared a list of cash-rich PSUs which can buy back government equity and help it meet the ambitious Rs 40,000 crore disinvestment target during the current fiscal.