Dipam

The central government took the decision to call off the expression of interest (EoI) after two out of the three bidders walked out.

Covid-19 pandemic, has led to a situation where travel market is in a state of uncertainty, and restrictions on international travel due to the pandemic have put brakes on strategic disinvestment of CPSEs, but completing the transactions remains a priority of the government, Pandey said

DIPAM completes two strategic disinvestment transactions-- 74.49% stake in THDC at Rs7,500 cr and 100% stake in NEEPCO at Rs4,000 crIt also completes strategic disinvestment of government’s stake of 66.67% in Kamrajar Port Ltd in favour of Chennai Port Trust

Of the total debt of ₹60,074 crore as of March 31, 2019, the buyer would be required to absorb ₹23,286 croreAir India is one of the important divestment target for the current fiscal to reach the huge ₹2.1 lakh crore target

Last month, the government issued a preliminary information memorandum for 100% stake sale in Air IndiaThe deadline for submitting the EoI is 17 March

DIPAM secretary says the govt will follow a two-stage bidding process for selling its entire holding in Air India and BPCLTuhin Kanta Pandey also says there will be certain protection to employees and there will be other conditionalities and this will be listed out in the share purchase agreement

The company has started vacating prime office space Khurshid Lal at Janpath and also some parts of its corporate office in CGO buildingThe company had posted a loss of ₹3,388.07 crore and a revenue of ₹2,085.41 crore in 2018-19

The yield as on 5 Dec 2019, of Nifty Bharat Bond Index-Apr 2023 is 6.69% and the Nifty Bharat Bond Index-Apr 2030 is 7.58%Investors can subscribe to the ETF with a minimum unit size of ₹1,000 and the issue would close on 20 December

The government undertook Offer for Sale for 10% of paid-up equity in RITES Limited on 22-25 Nov Shares of the railways consultancy firm have slumped nearly 8% in past three sessions on the government’s decision to divest its stake in the company

Current DIPAM Secretary Anil Kumar Khachi repatriated to his parent cadre on personal grounds Pandey will take over at a time when government is preparing a second shot at privatizing Air India