Tag: Disinvestment
11 Results
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Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs
The gap between fair market price and actual amount paid (should be less than FMP) was chargeable to the gift tax.
September 14, 2021 -
Disinvestment Ahoy
Instead of selling PSUs during Covid times when their full value may not be realised, the Government could have gone in for cutting wasteful expenditure. For example, Centrally Sponsored Schemes and Central Sector Schemes that account for Rs. 14.32 lakh crore of annual expenditure, urgently call for review, with closure or modification of badly performing schemes
March 24, 2021 -
Kotak Mahindra Bank divests 10% stake in ECA Trading Services for nearly Rs 2 crore
The holding of the bank at the consolidated level continues to be 20 per cent.
March 5, 2021 -
OIL-led consortium submit bids for acquiring BPCL’s stake in Numaligarh Refinery
With the submission of the bid, the transaction for Numaligarh refinery may now be targeted for closure before the end of March.
February 26, 2021 -
RailTel Corporation of India makes tepid debut, lists at 16% premium at over issue price
The government-run RailTel Corporation has raised around Rs 819 crore via IPO that witnessed subscriptions 42.4 times between February 16-18.
February 26, 2021 -
HAL share tumbles 14% as government plan to divest 15% of its stake
The floor price for the offer shall be Rs 1,001 per equity share of the company.
August 27, 2020 -
Govt to disinvest 15% stake in HAL through Offer For Sale
Through the OFS, the government proposes to sell 33,438,750 shares constituting 10 per cent of the paid-up share capital.
August 27, 2020 -
Govt postpones strategic sale of BPCL for second time
This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders.
May 27, 2020 -
Air India disinvestment on track: DIPAM Secretary
'It may be noted that the disinvestment of one of the subsidiaries of AI, AIATSL got underway with its EOI/PIM published on 12.2.2019.'
June 28, 2019 -
DCL chairman detained by protesting workers
Hundreds of workers, regardless of political affiliation on Friday detained the chairman, Durgapur Chemicals Limited (DCL) by forming a human barricade when the official arrived from Kolkata to attend a meeting relating to the stake-sale of the ailing public sector company. Sujit Chakraborty, the chairman, was accompanied by the director (in-charge), Subrata Mukherjee. The workers …
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September 9, 2016 -
DCL to be sold off, employees worried
Gloom descended over the Asansol-Durgapur industrial zone ahead of the Puja as a notice for complete disinvestment of yet another PSU arrived here on Thursday. The official notice for hundred per cent stake sale in Durgapur Chemicals Limited (DCL), a state-owned enterprise, issued by the Public Enterprises and Industrial Reconstruction department arrived at its headquarters …
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September 8, 2016