During the middle of January, government plans to launch the divestment of its 10 per cent stake in Oil India. The government plans to mop up around Rs 2,700 crore by offloading its 10 per cent stake in the firm at the p
Tag: disinvestment
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Govt to offload stake in NMDC, OIL, NTPC
Reports suggest that government may offload its 10 percent stake in National Mineral Development Corporation (NMDC) before December 15.The NMDC issue may be followed by Oil India (OIL) and then National Thermal Power Corporation (NTPC), reports suggest. Besides, government also plans to offload some of its st
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Govt may offload 10% stake in Oil India by Jan 15
The 10 percent stake sale in Oil India, through which the government aims to garner Rs 2,500 crore, may be completed by January 15, reports suggest.
It is learnt that there is consensus between finance and oil ministries on the stake sale date. The oil ministry had earlier expressed reservations over bringing issues of oil sector companies "in a hurry", saying at least two offers for s
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Minister hopes to get revenue to control deficit
Speaking to reporters after a meeting of the Group of Ministers (GoM), Finance Minister P Chidambaram expressed hope of getting revenues from somewhere to control fiscal deficit within 5.3 percent of GDP. He remarked that there is still some time left in this financial year for carrying out disinvestment and auctioning of spectrum in the unbid
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Cabinet panel clears 10% stake sale in HAL
The Cabinet Committee on Economic Affairs has cleared the sale of 10 per cent equity of the government in Hindustan Aeronautics (HAL) through an initial public offering (IPO) in the domestic