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Outlook.com
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Disinvestment

Centre Opposes Swamy's Plea In HC Seeking To Set Aside Air India Disinvestment Process

Jan 04, 2022 Outlook Web Desk

In October last year, the Centre accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express, along with the government's 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years.

Sanofi India To Divest Soframycin, Sofradex Brands For Rs 125 Crore

Nov 26, 2021 Outlook Business Team

Sanofi India that upon completion of the transaction, the acquirer Encube Ethicals would be handed over rights to sell and distribute Soframycin and Sofradex in India and Sri Lanka.


Under Supreme Court's Order, CBI To Probe Into Centre's Hindustan Zinc Ltd. Disinvestment In 2002

The Sterlite Opportunities and Ventures Ltd (SOVL), the majority shareholder of HZL has stated before the court that it is not exercising its second call option under the Share Purchase Agreement.

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.


More Than Rs 800 Cr Received In Dividend Tranches From CPSEs: DIPAM Secretary

Its website informs that, Rs 8,096.30 crore has been obtained via dividends from varied Central Public Sector Enterprises (CPSEs) to date. Total receipts now stood at Rs 17,206.86 crore.

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11 October, 2021

Govt Issues Intent Letter To Tata Sons For Air India

Outlook Business Team

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.


08 October, 2021

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

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.


08 October, 2021

Tata Group Buys Air India For ₹18,000 Crore

Outlook Business Team

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


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


15 September, 2021

Tata Sons, SpiceJet's Ajay Singh Submit Financial Bids For Air India, Window For Bids Closed At 6pm Today

Outlook Web Desk

The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India's 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.


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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