Search For "disinvestment"
CPI MP Binoy Viswam seeks Scindia's direction to SAIL to participate in ne
Updated : 3 years, 1 month ago IST
Communist Party of India (CPI) Rajya Sabha MP Binoy Viswam has written a letter to Union Steel Minister Jyotiraditya Scindia to draw his attention towards the process of disinvestment by way of privatisation of the Rashtriya Ispat Nigam Ltd and urged him to immediately direct SAIL to take pa
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IDBI Bank divestment on track, reports on possible delay speculative: DIPA
Updated : 3 years, 2 months ago IST
Reports of a possible deferment of the disinvestment of IDBI Bank are speculative and baseless, and the transaction continues to be on track, said the Department of Investment and Public Asset Management (DIPAM) on Friday.
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Govt may extend dateline for submitting expression of interest of IDBI Ban
Updated : 3 years, 5 months ago IST
In October, the government and the LIC decided to offload a little over 30 per cent each in IDBI Bank. They issued a preliminary information memorandum, inviting EoIs for an aggregate 60.72 per cent stake, along with management control.
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Delhi HC dismisses petitions moved against Air India Limited noting its pr
Updated : 3 years, 6 months ago IST
Justice Yashwant Varma dismissed the pleas noting that after its disinvestment, Air India Limited (AIL) is no longer a government company, and writ petitions against it, would no longer be maintainable.
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Govt, LIC to divest 60.72 per cent stake in IDBI Bank
Updated : 3 years, 7 months ago IST
New Delhi [India], October 7 (ANI): The Government of India and Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake in IDBI Bank. The government on Friday invited the expression of interest for the divestment of stakes in the bank.
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Cabinet empowers PSU boards to take decision on disinvestment, closure of
Updated : 4 years ago IST
New Delhi [India], May 18 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the proposal for empowering the Board of Directors of public sector undertakings to recommend and undertake the disinvestment or closure of their subsidiaries or sale of stakes in
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Employee union moves Delhi HC against Pawan Hans disinvestment
Updated : 4 years ago IST
New Delhi [India], May 14 (ANI): All India Civil Aviation Employees Union has moved Delhi High Court seeking its direction to set aside the impugned notice inviting expression of interest dated December 8, 2020 issued by the Central government for the proposed strategic disinvestment of the
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Pawan Hans disinvestment: Cong questions why merger with ONGC not explored
Updated : 4 years ago IST
New Delhi [India], May 1 (ANI): The Congress on Sunday questioned the Central government over the sale of its 51 per cent stake in Pawan Hans Ltd (PHL), asking why the government did not explore merging the firm with ONGC.
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Private consortium bags Pawan Hans after three failed divestment bids
Updated : 4 years ago IST
New Delhi [India], April 30 (ANI): The Government has said that it has approved the highest bid of Star9 Mobility Pvt Ltd for the sale of its 51 per cent stake in Pawan Hans Limited for Rs 211.14 crore.
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Star9 Mobility to be new owner of Pawan Hans
Updated : 4 years ago IST
New Delhi [India], April 29 (ANI): The Union Ministry of Finance on Friday said a ministerial panel empowered by the Cabinet Committee on Economic Affairs has approved the sale of the government's stake and transfer of management control of Pawan Hans Limited to Star9 Mobility Private Ltd.
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BPCL stock tumbles 6 per cent on delay in disinvestment process
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], April 25 (ANI): The share price of Bharat Petroleum Corporation Limited (BPCL) tumbled by more than 6 per cent on Monday on reports that the government has put a pause on disinvestment of the company.
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Alliance Air is no longer Air India subsidiary; to be run as Govt business
Updated : 4 years, 1 month ago IST
New Delhi [India], April 15 (ANI): Alliance Air is no longer a subsidiary of Air India and it will be run as an independent business unit under the Government of India, the companies announced on Friday.
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