Dipam

Saturday, Apr 20, 2024 | Last Update : 08:59 PM IST

The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said.

BPCL asset valuer asked to submit valuation of company in 50 days

Cabinet Committee on Economic Affairs had on Nov 20 given a go-ahead for sale of government's entire stake in BPCL.

24 Nov 2019 11:34 AM

IPAM raised Rs 45,080 crore during 2018-19 from CPSE ETF and Bhrarat-22 ETF.

Economic Survey: FinMin makes progress in strategic sale of 28 CPSEs

DIPAM had raised about Rs 85,000 crore from CPSE disinvestment in 2018-19.

04 Jul 2019 3:45 PM

A major portion of the .... (non-core) government assets is in the form of land and buildings, for the monetisation of which this RFE is being floated, DIPAM said.

Finance Ministry seeks consultants for sale of PSU land, buildings

The government is targeting to raise Rs 90,000 crore through CPSE disinvestment in current financial year.

10 Jun 2019 6:08 PM

In last fiscal the government had raised Rs 84,972 crore from CPSE disinvestment, of which Rs 15,914 crore came in from strategic stake sale.

Finance Ministry reworking strategic sale procedure for CPSEs

The process for strategic sale of many state-owned companies started back in late 2017 or early 2018.

12 May 2019 10:51 AM

ETFs function like a mutual fund scheme and have underlying assets of government-owned companies. (Representational image)

Finance Ministry starts consultation with investors to launch global ETF

DIPAM will start developing the index for the ETF based on investors' feedback.

28 Apr 2019 1:39 PM

The government holds 51 per cent stake in helicopter service provider Pawan Hans, and the remaining 49 per cent is with ONGC.

Govt puts Pawan Hans strategic sale on hold till election

Investors had time till March 6 to put in their financial bids for up to 100 per cent stake in Pawan Hans.

22 Apr 2019 3:32 PM

So far this fiscal, the government has raised over Rs 56,064 crore by divesting stakes in state-owned companies. (Photo: File)

Niti Aayog to draw up list of non-core assets of CPSEs for possible monetisation

The approved framework shall be reviewed after two years for instituting any change including delegations on financial limits.

03 Mar 2019 12:26 PM

The MoCA will be then send the reserve price to the Evaluation Committee. (Photo: File)

Financial bids for Pawan Hans to be submitted by March 6

Separately, the transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation.

03 Mar 2019 12:04 PM

Secretary in Department of Investment and Public Asset Management (DIPAM) Atanu Chakraborty had earlier said DIPAM would conduct a study to provide risk-free investment option to retail investors in the form of sector-specific ETFs. (Photo: AFP/Representational)

Govt may launch exchange traded fund of PSU bank stocks next fiscal

The government has raised Rs 32,900 crore through Bharat-22 ETF since 2017, and Rs 28,500 crore from CPSE ETF since 2014.

19 Feb 2019 5:07 PM

ONGC wants its interest to be clubbed with the 51 per cent govt stake that is already on offer for sale.

ONGC board approves exiting Pawan Hans, to sell 49 pc stake

The government will now modify the EoI and include ONGC stake sale also along with its own.

18 Jul 2018 10:46 AM

Finance Minister Arun Jaitley. (Photo: PTI)

Govt collects over Rs 1 lakh cr through PSU disinvestment: Jaitley

So far, Department of Investment and Public Asset Management has raised Rs 1,00,056 crore through disinvestment.

29 Mar 2018 11:44 AM

Niti Aayog making new list of sick PSUs for divestment: Kant

NITI Aayog has already recommended 40 sick PSUs for strategic disinvestment.

21 Feb 2018 3:39 PM

ONGC has appointed CitiGroup and SBI Caps as its transaction advisors.

ONGC seeks access to data room to fix HPCL acquisition price

HPCL already has a data room and will give access to the same to ONGC if the seller (government) so desires.

12 Dec 2017 2:43 PM

At today's trading price of Rs 431.85, ONGC would have to pay Rs 33,633 crore for buying government's 51.11 per cent stake.

Govt tweaks HPCL sale terms to avoid 'open offer'

ONGC will have to borrow about Rs 25,000 crore to fund just the purchase of government stake.

09 Aug 2017 12:39 PM

HPCL stake sale: Govt seeks bids for bankers, legal firms

Government is keen to complete the transaction within the current fiscal.

30 Jul 2017 12:49 PM

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