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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...