Disinvestment News

The government of India will be divesting 25 percent stake in RailTel Corporation and will be appointing three merchant bankers to manage its initial public offering (IPO) process. Bids from bankers have been invited from 11 June. The railway PSU's (public ...

On Friday, the government said that it has exceeded its disinvestment target for the current fiscal year 2018-19 by Rs 5,000 crore. Disinvestment proceeds have touched Rs 85,000 crore. The government's target was set at Rs 80,000 crore. "As against a target ...

On Wednesday, state-owned Power Finance Corporation (PFC) said that it will be acquiring the entire 52.63 percent stake of the government in REC at Rs 14,500 crore by the end of the month. The move will help the government meet its ...

As part of the government's disinvestment target, ICICI Prudential mutual fund house is all set to launch the second tranche of Bharat 22 ETF Further Fund Offer on June 19. Here's a breakdown with all the relevant details on the FFO ...

While presenting the Union Budget 2018-19 in the Parliament on Thursday, Finance Minister Arun Jaitley said, "Three public sector general insurance companies - National Insurance Co Ltd, United India Assurance Co Ltd and Oriental India Insurance Company - will be merged ...

FDI Norms in various sectors such as single brand retail were relaxed by the Cabinet today. It also allowed an investment of up to 49% by foreign airlines in Air India, reported PTI. The Cabinet meeting chaired by Prime Minister Narender ...

Eyeing Rs 58,425 crore this year by selling government stake in PSUs, Finance Minister Arun Jaitley on Sunday said that disinvestment process is on schedule. "The Department of Disinvestment (DoD) has already appointed advisors in some cases and the follow-up ...