Search For "divestment"
L&T Finance Holdings completes the divestment of its mutual fund busin
Updated : 3 years, 3 months ago IST
Mumbai (Maharashtra) [India], November 26 (ANI/NewsVoir): L&T Finance Holdings Limited, one of India's leading non-banking financial companies, today announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited.
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Air India informs Kerala HC that it is no longer a 'State'
Updated : 3 years, 3 months ago IST
Air India has informed the Kerala High Court that the company is no more a 'State' within the purview of Article 12 of the Constitution. It also informed that it has ceased to be a government company.
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Shares of RailTel and Rail Vikas rally over 7%
Updated : 3 years, 4 months ago IST
The two rail stocks had been strengthening ever since there had been reports that the government might divest up to 10 per cent stake in RailTel, Rail Vikas and four other public-listed railway firms. There had been reports that the divestment shall give the government a sum of Rs 12,000 cro
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Govt, LIC to divest 60.72 per cent stake in IDBI Bank
Updated : 3 years, 5 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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STL divests IDS as a part of its ongoing portfolio realignment
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 27 (ANI/PRNewswire): STL [NSE: STLTECH] one of the industry's leading integrators of digital networks, today announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segme
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Airtel divestment: Why Singtel is on a selling spree
Updated : 3 years, 6 months ago IST
Singapore, August 29 (ANI): Last week, a day after reporting its first quarter 2022 financial results, Singtel announced on August 25 that it would sell a 3.3 per cent stake in India's Bharti Airtel Ltd to Bharti Telecom Ltd for an aggregate consideration of about USD 1.61 billion.
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Private consortium bags Pawan Hans after three failed divestment bids
Updated : 3 years, 10 months 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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Disinvestment of Air India completed: MoS Finance in LS
Updated : 4 years, 1 month ago IST
New Delhi [India], February 8 (ANI): The strategic disinvestment transaction of Air India has been successfully completed on January 27, 2022, said Union Minister of State (MoS) for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha on Monday.
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HSIL transforms to a focused Packaging Company with the Divestment of Buil
Updated : 4 years, 1 month ago IST
Gurugram (Haryana) [India], January 18 (ANI/PRNewswire): HSIL Limited ("HSIL"), India's leading packaging company, in its Board meeting held today approved the divestment of its Building Products division to Brilloca Limited ("Brilloca"), a wholly owned subsidiary of Somany Home Innovatio
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Centre making 'all efforts' to complete Air India's divestment by December
Updated : 4 years, 3 months ago IST
New Delhi [India], November 24 (ANI): The Union government is making "all efforts" to hand over all operations of Air India to Tata Sons by the end of December, said Secretary Ministry of Civil Aviation Rajiv Bansal on Wednesday.
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Proposed divestment of stake in Magma HDI General Insurance
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], November 3 (ANI/BusinessWire India): Poonawalla Fincorp Limited ("PFL") is a joint venture partner in Magma HDI General Insurance Limited ("Magma HDI"), a general insurance company registered with Insurance Regulatory and Development Authority of India (IRDAI).
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Air India asks employees to 'control expenses' till divestment completes
Updated : 4 years, 5 months ago IST
New Delhi [India], October 15 (ANI): After Tata Sons won the bid to acquire national carrier Air India, the acting Chairman and Managing Director (CMD) of the national carrier has issued an order for the management to control the expenses, till the divestment exercise is complete.
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