Tag: Divestment

The Alternative Mechanism, committee empowered by the CCEA, has approved the highest bid of Star 9 Mobility Private Ltd for sale of entire government's 51 per cent of shareholding of Pawan Hans Limited (PHL) and transfer of management control.

New Delhi/Bhubaneswar: Rubbishing recent media reports that the Centre is planning to divest its stake in National Aluminium Company Ltd (NALCO), a Navratna public sector undertaking, the Mines Ministry today stated that rather a proposal for investment of Rs 5,540 crore for the PSU’s expansion is under consideration. The ministry sources said the Rs 5,540 […]

New Delhi: The central government’s plan to divest a majority stake in the national passenger carrier Air India seems to have run into trouble, as no bids were received for the cash-strapped airline. According to the Ministry of Civil Aviation, “no response” was received till 5 p.m. on Thursday which was the extended submission deadline […]

New Delhi: The government raised its disinvestment target for 2019-20 by 12.5 per cent to Rs 90,000 crore even as less than half of the budgeted target of Rs 80,000 in the outgoing fiscal has been realised in the first 10 months. So far, the government has raised Rs 35,532 crore from the sale of […]

New Delhi: Amid questions raised over stake sale in profit-making PSUs, the government on Tuesday said in Rajya Sabha that the criteria for disinvestment were not profit or loss. In oral reply to a question from Shiv Sena MP Sanjay Raut, Minister of State for Finance, Anurag Thakur said that the criteria for disinvestment have […]