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Disinvestment & Privatisation

Govt Receives Final Dividend Of Rs 6,665 Crore In FY21 From BPCL

Oct 27, 2021 Outlook Business Team

DIPAM Secretary tweeted that the dividend is inclusive of special dividends acquired from the sale of its stake in Nulaigarh Refinery in March, this year.

Govt Signs Share Purchase Agreement With Tata Sons For Air India Disinvestment

Oct 25, 2021 Outlook Business Team

The share purchase agreement stipulates that the buyer has agreed to the terms set out by the target company for completing the transaction or acquisition.


Govt Issues Intent Letter To Tata Sons For Air India

Tata Sons had won the bid for acquiring 100 per cent stake in the national carrier, last week. A consortium led by Spicejet promoter Ajay Singh came second with their bid of Rs 15,000 crore.

Homecoming For Air India: Tata Sons Emerge Winner With Rs 18,000 Cr-Bid

Oct 08, 2021 Saptaparno Ghosh

A consortium led by Spicejet promoter Ajay Singh came second with his bid of Rs 15,000 crore. The reserve price for the bid was set at Rs 12, 906 crore.


Tata Group Buys Air India For ₹18,000 Crore

The announcement was made by the secretaries of DIPAM and the ministry of civil aviation.

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01 October, 2021

Reports Of Tata Sons Winning Air India-Bid 'Incorrect': DIPAM Sec

Saptaparno Ghosh

It added that the media would be apprised of the development pertaining to the disinvestment and when it is finalised.


24 September, 2021

Five Firms In Race To Be Transaction Advisors In Vizag Steel Disinvestment

Saptaparno Ghosh

The five candidates are required to make presentations on their technical proposal before DIPAM's selection committee on September 30, the circular stated


24 February, 2021

Centre Committed To Privatising PSUs: Prime Minister Narendra Modi

Outlook Web Bureau

Announcing a new PSU privatisation policy, PM Modi said that all PSUs except those in four strategic sectors will be privatised.


24 August, 2020

No Conflict Of Interest In Hiring Adani-linked Firm For Airport Bid: Kerala Finance Minister Thomas Isaac

Preetha Nair

Kerala Finance Minister Thomas Isaac says that the state government's position is very clear: since we have provided the land for the airport, we have the rightful claim over its operations and management.


17 May, 2020

'Sad Day For Nation': RSS-Affiliated Group Pans Centre, Says There Is 'Dearth Of Ideas'

IANS

Bharatiya Mazdoor Sangh says that workers were affected the most by any change, privatisation would mean job losses on a large scale and a dearth of quality jobs.


04 March, 2020

Govt Permits NRIs To Own Up To 100% Stake In Air India

PTI

Union minister Prakash Javadekar said the Cabinet has approved allowing Non-Residents Indians (NRIs) to hold up to 100 per cent stake in Air India.


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01 February, 2020

Budget 2020: Govt To Sell Part Of Its Holding In LIC Via IPO

Outlook Web Bureau

Finance Minister Nirmala Sitharaman said insurance behemoth LIC will be listed as part of the government disinvestment initiative.


27 November, 2019

'Air India Has To Be Closed Down If Not Privatised', Says Govt

Outlook Web Bureau

The government is readying the bid document to sell off its entire stake in the national carrier.


21 November, 2019

'Modi Govt Selling Country': Opposition Attacks Centre Over Stake Sale In BPCL, Other PSUs

Outlook Web Bureau

The government has approved sale of its entire stakes in blue-chip oil firm BPCL, shipping firm SCI and cargo mover Concor.


19 November, 2019

Investor Outreach For Air India Sale On, Says Civil Aviation Minister

IANS

The government has decided to almost completely exit the airline saying the financial support being provided to the airline could be put to better use


26 August, 2019

Priyanka Gandhi To Visit Rae Bareli Rail Coach Factory As Workers Protest Against Privatisation

PTI

The Ministry of Railways has envisaged corporatisation of its seven production units and associated workshops under one entity called the Indian Railway Rolling Stock Company.


02 July, 2019

Sonia Gandhi Opposes 'Corporatization' Of Rae Bareli Coach Factory, Calls It 'First Step' Towards Privatisation

Outlook Web Bureau

Slamming the move to corporatize railways' production units, UPA chairperson Sonia Gandhi accused the government of selling the country's assets to private players at a throwaway price.


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27 June, 2019

Centre To Go Ahead With Disinvestment In National Carrier Air India: Civil Aviation Ministry

Outlook Web Bureau

The Air India Specific Alternative Mechanism (AISAM) has given the Central government a green light for the disinvestment process in Air India.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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