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Divestment
Business  /  Published 27.03.22

Leeway for PSU open offers

Markets watchdog Sebi has proposed some changes in the mechanism used to determine the open offer price during the divestment of public sector undertakings. The regulator said in a consulation paper ...
By PTI  in New Delhi

Business  /  Published 26.07.21

Higher bid for JSPL power arm

JSPL on Sunday announced it has received a revised offer of Rs 7,401 crore from Worldone Private Limited for divesting its subsidiary company Jindal Power Limiter (JPL). Jindal Steel and Power Limite...
By PTI in New Delhi

Business  /  Published 23.07.21

Bids for Air India by September

The Centre expects to receive the financial bids for Air India by September, minister of state for civil aviation V.K. Singh informed Parliament on Thursday.  The minister, however, did not disc...
By Our Special Correspondent in New Delhi

Business  /  Published 13.06.21

BEML Ltd land to be spun off

BEML Ltd on Saturday said Dipam and NITI Aayog have agreed to the proposal of incorporation of a wholly owned arm for the demerger of surplus land and asset as part of BEML’s strategic divestmen...
By PTI in New Delhi

Business  /  Published 07.04.21

Selloff pace to quicken

The government plans to fast-track privatisation of firms in the non-strategic sector by easing the approval process and in the initial phase plans to push for sale of firms in sectors such as  t...
By R. Suryamurthy

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Business  /  Published 08.02.21

Privatisation by fits and starts over

Finance minister Nirmala Sitharaman on Sunday rejected the Opposition’s charge of “selling family assets” through the budget stress on privatisation, terming it as a “lazy alle...
By PTI in Mumbai

Business  /  Published 14.01.21

Govt to divest 10% in SAIL

The Centre has decided to offload up to a 10 per cent share of public sector steel maker Steel Authority of India Ltd (SAIL) through the  offer-for-sale route, raising at least Rs 2,643 crore. T...
By Our Special Correspondent in Calcutta

Business  /  Published 06.12.20

Pilots oppose Air India bid

Air India employees are divided over their participation in the divestment process of the cash-strapped national carrier. While a section of the employees, led by the top management of Air India, plan...
By R. Suryamurthy in New Delhi

Business  /  Published 03.12.20

Ant Group looks to exit Paytm

Chinese fintech giant Ant Group is considering selling its 30 per cent stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbours and a toughening competitive lands...
By Reuters in New Delhi, Hong Kong

Business  /  Published 03.12.20

Larsen & Toubro sells UK unit

Larsen & Toubro (L&T) is divesting its UK unit Servowatch Systems to Rolls-Royce for a consideration of around Rs 89 crore. L&T on Wednesday said through its wholly owned subsidiary, Lars...
By Our Special Correspondent in Mumbai


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