HAL shares plunges 6% on govt’s disinvestment plan
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
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Govt to disinvest up to 3.5% stake in Hindustan Aeronautics for ₹2,867 cr
The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday’s closing price.
Why IDBI Bank shares are trading higher today
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
BEML, Shipping Corp. shares surge on govt’s disinvestment plan
The government is likely to soon invite financial bids for strategic disinvestment of BEML and Shipping Corporation of India (SCI)
MMTC, Tata Steel shares jump up to 8%; here’s why
Tata Steel has completed the acquisition of 93.71% stake in Neelachal Ispat Nigam through its subsidiary, Tata Steel Long Products.
Multiple bids received for FSNL disinvestment: DIPAM
The central government is looking to divest its entire stake in FSNL and transfer management control through the disinvestment process.
State-run companies to decide on disinvestment, closure of subsidiaries, JVs
This will enable PSEs to monetise their investment at an opportune time or close their loss-making and inefficient subsidiary, unit or JV at the right time.
Fiscal deficit widens to 58.9% as expenses mount, revenues dip in January
The Centre earned only ₹12,037 crore from offloading equity holdings, merely 15% of the budgeted disinvestment target of ₹78,000 crore for FY22.
Here’s why IDBI Bank shares are surging today
IDBI Bank shares gained 5.5% to hit a high of ₹49.8 on the BSE amid reports that the central government and LIC of India will sell their stake in the lender.
Centre running out of PSU equity, only ₹2 lakh crore worth left to monetise: Dipam Secy
The value excludes the government stake in public sector banks where stake sale has not begun yet.
