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Stake sale News

24 Jan 2017

MOIL share sale: Institutional buyers put in Rs 580-crore bids

Strong demand from institutional buyers saw bids worth over Rs 580 crore coming in on the first day of government's 10 percent stake sale in manganese miner MOIL.

Larsen & Toubro Ltd

04 Nov 2016

Government raises $314 million from share sale in L&T

India has raised 21 billion rupees ($314 million) from a stake sale in engineering group Larsen & Toubro Ltd , IFR reported on Friday, citing two sources close to the transaction.

25 Apr 2016

Govt not likely to dilute SUUTI stake in listed companies in current fiscal

Rejecting need to dilute stake in private companies through SUUTI route, government has said that it is certain to meet its disinvestment target for the current fiscal through offloading minority interests and strategic sale of state-owned companies.

24 Feb 2016

Govt gets Rs 5,000 crore from NTPC OFS; retail investors disappoint

Government Wednesday raised about Rs 5,030 crore from sale of its 5 percent stake in NTPC, with insurance companies getting almost two-third shares but retail participation was lukewarm amid a free-fall of stock markets.

24 Feb 2016

NTPC OFS sees lacklustre retail demand, govt may get Rs 5,000 crore

Government Wednesday moped up nearly Rs 5,030 crore from the sale of its 5 percent stake in NTPC but the retail investor portion remained under-subscribed.

23 Feb 2016

NTPC stake sale: Institutional buyers put in Rs 7000-crore bids

The government's 5 percent stake sale in India's largest power producer NTPC got off to a blockbuster start Tuesday with FIIs and institutional buyers alone putting in bids for as much as Rs 7,287 crore, against the total issue size of Rs 5,030 crore.

Power Finance Corporation

24 Jul 2015

Govt to sell 5% stake in PFC on July 27

Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.

14 May 2015

No difficulty in strategic sale of some PSUs: FM Jaitley

The government is looking at an outright sale of certain public sector undertakings through a strategic partner, Finance Minister Arun Jaitley said Thursday indicating the first such sale could of PSUs under the Tourism Ministry.

24 Apr 2015

No plan to divest stake in BSNL, Air India: Govt

Government on Friday said it has no plan to divest its stake in ailing state-run telecom firm BSNL and national carrier Air India, which have been incurring huge losses.

Daiichi Sankyo Company Ltd

22 Apr 2015

Shanghvi did not buy Daiichi Sankyo's shares: Sun Pharma

The company was clarifying on speculations that Sanghvi, who holds 9.61 percent stake in Sun Pharma, had bought shares when Daiichi Sankyo exited from the Indian firm.

Daiichi Sankyo Company Ltd

20 Apr 2015

Daiichi Sankyo to offload stake in Sun Pharma worth Rs 22,000 cr

Japanese drug maker Daiichi Sankyo Monday said it board has approved selling a part or entire 9 percent holding worth over Rs 22,000 crore in Indian drug major Sun Pharmaceutical.

02 Mar 2015

Strategic sale in PSUs: Govt open to divest over 51%

The government is open to selling more than 51 percent in certain public sector entities as part of its 'strategic sale' through which it aims to collect Rs 28,500 crore next fiscal, a top finance ministry official said Monday.

Sundaram Finance

18 Feb 2015

Sundaram Finance to buy out RSA's stake in Royal Sundaram Alliance

City-based Sundaram Finance Ltd will acquire 26 percent stake held by Britain`s RSA Group in Royal Sundaram Alliance Insurance for Rs.450 crore, the company said Wednesday.

05 Feb 2015

Hyundai Motor family sold $1.1 bn stake in affiliate: Sources

The chairman of Hyundai Motor Co and his son successfully sold their entire 13 percent stake in shipping and logistics affiliate Hyundai Glovis Co Ltd offered in a block deal worth about 1.16 trillion Korean won ($1.07 billion), two persons with direct knowledge of the matter said on Friday.

11 Sep 2014

Govt clears stake sale in CIL, ONGC, NHPC; may get Rs 43k cr

The government has missed its disinvestment target for five consecutive financial years.

Department of Disinvestment

01 Sep 2014

DoD seeks bankers for PFC, REC stake sale; eyes Rs 3,000 cr

The Disinvestment department has initiated the process of appointing merchant bankers to manage the 5 percent stake sale of PFC and REC, which could together fetch over Rs 3,000 crore to the exchequer.

27 Aug 2014

Govt defers decision on ONGC, CIL, NHPC stake sale

The government on Wednesday deferred a decision on its stake sale in three PSUs -- ONGC, Coal India and NHPC as Finance Minister Arun Jaitley was not in town.

05 Aug 2014

Govt to sell part stake in SAIL, RINL, HAL in FY15

He further said that 5 percent stake sale in SAIL is also scheduled for completion this fiscal.

Rashtriya Ispat Nigam

25 Jul 2014

Govt plans to sell 10% stake in Rashtriya Ispat Nigam

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.

government stake

25 Jul 2014

Govt approves stake sale in Hindustan Zinc, BALCO

The government owns 29.5 percent of Hindustan Zinc and 49 percent of BALCO.

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