Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken.
The strategic disinvestment transaction of Air India successfully concluded today with transfer of 100% shares of Air India to M/s Talace Pvt Ltd along with management control. A new Board, led by the Strategic Partner, takes charge of Air India.
Privatisation process of BPCL moves ahead with BPCL Board deciding to exit from NRL at a consideration of Rs 9875.96 Cr for its 61.65% stake with transfer of control. OIL, EIL and Government of Assam will be picking up the stake.
Some media speculation doubting the feasibility of LIC IPO this fiscal year is not correct. It is reiterated that plan is on course for the IPO in the last quarter of this fiscal.
The IPO of MDL closed today with an overwhelming response from investors in all the categories. The issue was subscribed more than 157 times. We thank all the investors for their interest.
Multiple Expressions of Interest received for the Strategic Disinvestment of Govt and LIC Stake in IDBI Bank. The transaction will now move to the second stage.
Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with tranfer of management control. Details are at
For strategic disinvestment of BPCL, multiple expressions of interest have been received by the Transaction Advisor. The Transaction will move to the second stage after scrutiny by TA.
Government approves strategic buyer for Neelachal Ispat Nigam Ltd located in Odisha. The highest bid of Rs12,100 crore by M /s Tata Steel Long Products Ltd is accepted
Government has approved the highest bid of M/s Star9 Mobility Pvt Ltd for sale of GoI stake of 51% in Pawan Hans Limited. The transaction now moves to the concluding stage.
India’s first corporate Bond ETF, Bharat Bond ETF, has received a great response from investors across different segments.The issue was oversubscribed approximately 1.7 times, collecting about INR 12000 crores. Information is subject to further updates.
Govt has issued the PIM/EOI for disinvestment of 26% equity share capital of BEML Ltd along with transfer of management control.Disinvestment will be through a two stage competitive bidding process.
Offer for Sale of Govt shares in SAIL got great response on day one. Issue subscribed 4.14 times of base size at a clearing price above the floor price by non- retail investors . Govt has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow.
Multiple Expressions of Interest have been received for privatisation of Shipping Corporation of India Limited. The transaction will now move to the second stage.
Financial bids for strategic disinvestment of Central Electronics Ltd (CEL) received by Transaction Adviser. The process now moves to concluding stage.
LIC has 66% market share in New Business Premiums with 283 mn policies and 1.35 mn agents as of 31st March 21.
Embedded value of LIC as on 30th Sep 21 is Rs 5,39,686 cr(about INR 5.4 trillion)
Multiple expressions of interest received for privatisation of Neelachal Ispat Nigam Ltd.(NINL). The transaction moves ahead to the second stage, on schedule.
Offer for Sale of Govt shares in IRCTC got great response on day one. Issue subscribed 1.98 times of base size at a clearing price above the floor price by non- retail investors . Govt has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow.
The IPO of IRFC closed today with an enthusiastic response from investors in all the categories. Against an amount of Rs 3244 cr to be raised(ex-anchor)bids of more than Rs 11200 cr have been received.We thank all the investors for their interest.
Govt received final dividend of Rs.6665 crore from BPCL for the FY 2020-21. This includes special dividend on account of gains especially on sale of BPCL's stake in Numaligarh Refinery in March, 2021.
The OFS of SAIL closed with strong interest from retail investors. Retail portion was subscribed about 5.22 times. We thank all investors for their participation and making the transaction successful.
An unfounded story by a news-wire agency incorrectly speculates that public sector companies may be allowed to bid for BPCL disinvestment. The EoI was invited only from the private sector. With the receipt of multiple EoIs, process has advanced to the Second stage.
Disinvestment of Govt holding completed of 16.12% in TCL through OFS at Rs 5,457 cr and 10% to strategic partner at OFS discovered price for Rs 3,389 cr .With this, Government exits from TCL with total proceeds of Rs about Rs 8,846 cr.
Non core asset monetisation commences with the first set of six properties of BSNL/ MTNL bid out on the MSTC portal. Link of the portal can be accessed at
The strategic disinvestment transaction of NINL completed today with transfer of 93.71% shares of the company by 6 JV partners and shareholders to TSLP, a subsidiary of Tata Steel.
Offer for Sale in SJVN received enthusiastic response from non-retail investors today. The issue was subscribed 2.4 times of the base size. Govt has decided to exercise the green shoe option. Retail investors get to bid tomorrow.
Total dividend receipts from CPSEs in FY 2020-21 have touched Rs 39,022 crore, which exceeds the Revised Estimate (RE) of Rs 34,717 crore, and is more than actual dividend receipts (Rs 35,543 crore) during the previous financial year.
Bharat – 22 ETF FFO a big success. It attracted applications for Rs.14,000 cr. The issue saw wide FII participation under the Anchor and QIB category. The GoI has the option to retain the oversubscribed portion to the extent of Rs.2,400 cr beyond the issue size Rs 6000 Cr
IRCON, NHPC, CONCOR, and Hindustan Copper Ltd have respectively paid about Rs 148 crore, Rs 294 crore, Rs 67 crore and Rs 24 crore as dividend tranches to GoI.
Today CCEA has granted in-principle approval for strategic disinvestment and transfer of Management Control in IDBI Bank Limited. Both LIC and Govt stake to be disinvested. Extent of stake sale to be determined later.
2.Non-core assets including land and buildings with book value of INR 14,718 crore will not be given to the acquirer but will be transferred to GOIs AIAHL
CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr.
Offer for sale in RVNL opens tomorrow for non-retail investors. Retail investors can bid on Friday. Government will divest 5.36% equity including a Green Shoe option of 1.96%.
CCEA on 27th Jan 2021 has given in principle approval for 100% strategic disinvestment of GOI shareholding in RINL along with management control by way of privatization.
Requests for Proposal for engagement of Transaction and Legal Advisors in the Strategic Disinvestment and transfer of Mgmt Control in IDBI Bank issued today.
Total DIPAM receipts in 2020-21 stand at Rs 71,857 crore, which include disinvestment receipts of Rs 32,835 crore and dividend receipts of Rs 39,022 crore.
Offer for Sale of Government shares in TCL got great response on Day 1. Issue subscribed 2.19 times of base size at a clearing price above the floor price by non-retail investors. Govt. has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow.
Government has received about Rs 148 crore from Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) and Rs 72 crore from Rail Vikas Nigam Ltd ( RVNL) as dividend tranches.
The second series of Bharat Bond ETF received an outstanding response, oversubscribed more than 3 times, estimated collection around Rs. 10,000 crores with wide participation across categories. Final numbers are still being tallied and will be released by Monday.
Offer for Sale of SUUTI shares in Axis Bank got good response on day one. Issue subscribed over 4 times of base size at a clearing price above the floor price by non-retail investors. SUUTI has decided to exercise the green shoe option.Retail investors get chance to bid tomorrow.
‘Offer for Sale’ of Govt equity in HCL received enthusiastic response from Non-retail investors today. The Issue was subscribed 1.41 times of base size. Govt has decided to exercise green-shoe option. Retail investors get opportunity to bid tomorrow.
DIPAM, Ministry of Finance celebrates "Azadi Ka Amrit Mahotsav" on 10.06.2022 at 4:00 PM in 75 cities across India. Please register here for free
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IRCTC IPO has evoked tremendous response from all the categories of investors, with the issue being subscribed more than 111 times. The issue, which divested 12.6% of GoI’s stake in the CPSE is expected to generate a revenue of Rs 645 cr. It is the 2nd CPSE to be listed this fisc
The second day of SJVN OFS closed with good interest from retail investors with 2.4 times subscription. We thank all investors for their participation.
Railtel IPO received great demand from all categories of investors and was subscribed more than 42 times. We thank all investors for their participation.
5.The Letter of Intent (LOI) will be issued and the Share Purchase Agreement (SPA) will be signed with the successful bidder. After regulatory and other approvals, the transaction is expected to close by December 2021.
GAIL Buyback of shares fully subscribed. Government received Rs.747 cr out of total buyback size of Rs. 1046 cr. The CPSE continues to be a Government company with 51.45% shareholding.