The central government took the decision to call off the expression of interest (EoI) after two out of the three bidders walked out.
2 min read8 Jun 2022The government plan to sell its 53.29% stake in BPCL was 1st announced in Nov 2019, and is part of a broader programme to spin off or sell stakes in dozens of state-owned companies
1 min read13 Oct 2020Paring its stake in 21 PSUs to meet the 25% public shareholding norm can aid Centre
2 min read5 Oct 2020This is the third time the deadline has been extendedThe extension of deadline comes due to the Covid-19 fallout, which has disrupted economic activities globally
2 min read28 Jun 2020The last date for submission of expressions of interest is 2 May and interested parties must have a minimum net worth of $10 billionBPCL's net profit jumped three times year-on-year to ₹2,051.43 crore in quarter ended December
2 min read7 Mar 2020Government had invited bids for its entire stake in Air India, along with subsidiary, Air India ExpressAir India serves 98 destinations, including 42 spots overseas
1 min read4 Mar 2020Govt looking to sell increasingly higher amounts of its stock at progressively lower valuationsPoor appetite for its stock has led to unusual strategies by the government to sell its stock
2 min read24 Feb 2020The Centre’s ₹2.1 trillion disinvestment bet may rely heavily on a stake sale in LIC. What are the odds of a windfall?LIC will have to review its profit- sharing arrangement and improve product mix, persistency ratios for a decent valuation. Fears of government influence continue to loom over the valuation
10 min read21 Feb 2020The ambitious ₹2.1 trillion divestment would be key to achieving fiscal target next year
3 min read2 Feb 2020Disinvestment proceeds will help the Centre invest ₹100 trillion over the next five years to boost infrastructureThis articulation of position also signals a turnaround from the earlier perceived return of the public sector as the commanding heights of the economy
2 min read31 Jan 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared