Page 6 - Dipam

Three Life Insurance Corp unions urge govt not to divest stake in insurer

According to them, LIC today is managing assets in excess of Rs 32 trillion

Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

Govt raises Rs 11,500 cr from strategic sale of THDC, NEEPCO to NTPC

With this, the total disinvestment proceeds in the current financial year stand at over Rs 46,500 crore

Govt invites preliminary bids for sale of its entire 52.98% stake in BPCL

Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document

BPCL sale: Indian Oil maintains interest, may bid on lower offer size

DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL

Budget 2020: 10% GDP growth a conservative estimate, says Atanu Chakraborty

With a conservative lens, these are the numbers that looked plausible, Chakraborty said

We will see a second wave of privatisation in FY21, says Dipam secy

'We are moving towards privatisation after a long time', said Tuhin Kanta Pandey

Privatised CPSEs reported better profit, sales after transition: Eco Survey

The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)

Air India, BPCL, Concor divestments unlikely this fiscal: Govt official

It can be noted that the government has set ambitious targets from the disinvestments in FY20 at Rs 1.05 trillion

RBSA gets second disinvestment deal; named advisor for Shipping Corp

The government has a 63.75 per cent equity stake in the Indian flag carrier, which will be sold along with management control

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

PSU disinvestment: DIPAM to hire advisors for sale of govt stake in CPSEs

The advisors would also help certain CPSEs to sell minority stake keeping in mind the current corporate laws, Sebi regulations, sectoral policy, and domestic as well as international market conditions

Dipam keeps ball rolling for stake sale in Bharat Petroleum and others

Even after six months of the current financial year, the government has been able to achieve only 12 per cent of its disinvestment target of Rs 1.05 trillion

As many as 11 IPOs in the pipeline, says Dipam's Dheeraj Bhatnagar

The Centre has set itself a target of raising Rs 1.05 trillion by way of disinvestment, in FY20

Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more

From Direct tax code panel seeking 4 slabs to RBI rejecting Sebi's plan for rating agencies, here are the top business headlines on Tuesday

Govt unlikely to take DIPAM route for cash-strapped BSNL asset sale

The fastest way to revive telco is by way of asset monetization

Letter to BS: Proposal to arm Dipam for disinvestment is a welcome move

It is often said that the government has no business to be in business but it has merely remained a statement till now

Streamlining disinvestment

Govt should go beyond making administrative changes

Govt scraps plans for PSB ETF launch this year as banks busy with mergers

No clarity yet on which banks' shares will make up ETF basket till the mergers