Disinvestment
Govt speeds up disinvestment program
The government is fast-tracking its disinvestment program and hopes to change the way it uses the funds it gets and make sure that it can use the money to stop the biggest financial shortage in 16 years. However, after Oil India, NTPC is on the disinvestment radar and REC has also been cherry picked for [...]
Government likely to cap stake sale in one tranche
The government is considering to cap the amount of stake that a public sector undertaking (PSU) can sell at one time, so that it will help gather more money from disinvestment in state owned companies. It is likely to come up with 10% cap in case the move goes ahead meaning that even if there [...]
No stake sale in Nalco, Hind Copper
Even as operations of the copper producer are set to be revamped, government is not considering further disinvestment in aluminium major Nalco and Hindustan Copper while the industry observers were expecting further divestment in the two public sector companies. Moreover, the government has already divested about 13% of its stake in aluminum producer Nalco and [...]
