GMR Infrastructure has received Rs 1,740 crore towards divestment of 40 per cent stake in Istanbul Sabiha Gokcen International Airport in favour of Malaysia Airport Holdings Berhad.
Tag: divestment
Post
Post
Govt aims upto Rs 35 bn from stake sale in SAIL
Before the end of the financial year 2012-13, the government plans to offload 10.82 per cent of its stake in state-owned Steel Authority of India (SAIL) and garner Rs 2,700-3,500 crore. The department of disinvestment (DoD) in holding discussions with the steel ministry on this matter and soo
Post
Govt aims upto Rs 35 bn from stake sale in SAIL
Before the end of the financial year 2012-13, the government plans to offload 10.82 per cent of its stake in state-owned Steel Authority of India (SAIL) and garner Rs 2,700-3,500 crore. The department of disinvestment (DoD) in holding discussions with the steel ministry on this matter and soo
Post
Disinvestment secy expects Rs 270 bn from stake sale in FY13
Union Disinvestment Secretary Ravi Mathur informed reporters that the government may manage to mop up Rs 27,000 crore by offloading stakes in state-run firms in 2012-13. It may be recalled that the central government earlier set a target to raise Rs 30,000 crore through disinv
Post
Govt may restart IOC stake sale
Reports suggest that the government may restart the process of divesting its stake in Indian Oil Corporation following the considerable rise in the share price of oil companies in recent trading sessions. In 2010, the government deferred its plan to offload 10 percent (of its 78.92 percent) stake in Indian Oil because of poor market condition
Post
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
Post
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
Post
Gammon seeks to offload projects
Gammon Infrastructure is planning to sell stake in two infrastructure projects to raise equity funding to meet expansion plans.
Post
Image makeover
NC Jha, Director Technical, took charge as the acting Chairman of Coal India (CIL) after Partha S Bhattacharya retired on February 28.