Hyderabad: Continuing with its disinvestment frenzy, the BJP government at the Centre has now turned its attention to the Shipping Corporation of India, with financial bids for the company expected to be invited by September after the process of demerger of so-called non-core assets is completed. The union Government, as part of its wholesale stakes […]
New Delhi: Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said […]
The Department of Investment and Public Asset Management (DIPAM) would appoint up to ten merchant bankers and one legal firm for assisting and advising on the stake sale.
CCEA in its meeting on July 7 approved the reworked plan for IPO finalised by the Department of Investment and Public Asset Management (DIPAM), clearing the several impediments for the country's largest IPO.
The Department of Investment and Public Asset Management (DIPAM) had on June 22 invited bids from merchant bankers and law firms for managing and giving legal advice for the sale process.
The Cabinet had in February 2019, approved the procedure and mechanism for asset monetisation of central public sector enterprises (CPSEs)/public sector undertakings (PSUs).
Established in 1986, the dedicated financing arm of the Indian railways is a public sector enterprise under the administrative control of the Ministry of Railways.
This is because the move will help them in strengthening their balance sheet by improving their leverage ratios and creating a buffer or reserve and surplus for fresh lending.
Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India.
