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At a floor price of Rs 94 a piece, sale of 5 per cent stake would fetch about Rs 800 crore to the exchequer. (Photo: DC/File)

Business

NLC Divestment: Institutions bid for Rs 1,000 cr worth shares

Govt has already raised over Rs 19,000 crore through minority stake sale in PSUs in current fiscal.

25 Oct 2017 12:39 PM GMT

Business

Govt will prefer selling Air India to domestic buyer for its...

Govt says it has yet to decide what to do with carrier's debt burden of Rs 55,000 crore.

17 Oct 2017 5:10 AM GMT

ONGC may buy all of the governments 51.11 per cent stake in HPCL

Business

ONGC receives information memo from govt on HPCL stake sale

Cabinet had on July 19 approved sale of government's entire 51.11 per cent stake in HPCL to ONGC.

2 Nov 2017 9:23 AM GMT

IndiGo has been forced to ground 13 planes and cancel 84 flights because of issues with engines. (Photo: PTI/File)

Business

IndiGo may buy stake in Jet Airways as it dreams big

IndiGo wants to be an India-based airline with significant international presence.

6 Sep 2017 10:59 AM GMT

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

Business

LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3

The open offer, at Rs 61.73 per equity share, will close on December 14.

11 Oct 2018 1:45 PM GMT

Business

Fortis EGM on Aug 13 to seek shareholders nod for stake sale to IHH

IHH Healthcare is expected to shell out a total of Rs 7,300 crore to acquire 57.1 per cent stake.

19 July 2018 1:01 PM GMT

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Business

Rana Kapoor, his two entities sell 2.16 pc stake in Yes Bank for Rs...

YES Capital said the proceeds would go to Franklin Templeton Asset Management, with whom its shareholding of YES Bank...

1 Oct 2019 10:40 AM GMT

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

Business

DHFL yet to decide on stake sale

Earlier this month, the home loan provider said it was keen to sell assets and some of its businesses to improve...

18 Feb 2019 9:12 AM GMT

The insurer said in a regulatory filing on Monday that Standard Life (Mauritius Holdings) 2006 Ltd, one of its promoters, will sell stake through an offer for sale on March 12, and the floor price for the sale will be Rs 357.50 per share.

Business

HDFC Life shares drop over 5 pc on stake sale announcement

After the stake sale, Standard Life's holding in the insurance company will come down to 24.27 per cent.

12 March 2019 9:28 AM GMT

Business

Naresh Goyal may submit bids for stake in Jet Airways

The airline currently owes Rs 8,000 crore to lenders, led by the SBI.

11 April 2019 7:43 AM GMT

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

SBI extends date for deadline for stake sale in Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30.

11 April 2019 5:45 AM GMT

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Business

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet's lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

8 April 2019 7:38 AM GMT