Tag «disinvestment»

Disinvestment of 5 percent paid up equity capital of ITDC and 1.02 percent of paid up capital of STC out of Government of India shareholding

The Cabinet Committee on Economic Affairs has approved the disinvestment of 5 percent paid-up equity capital in the India Tourism Development Corporation (ITDC) and 1.02 percent paid-up equity capital in the State Trading Corporation (STC), essentially to make these Central Public Sector Enterprises (CPSEs) compliant to the public shareholding norms under the Securities Contract (Regulation) …

Meeting of the Consultative Committee Attached to the Ministry of Finance held; Various Suggestions made for Consideration for inclusion in the Forth Coming Union Budget

The first meeting of this year of the Consultative Committee attached to the Ministry of Finance was held here today under the Chairmanship of the Union Finance Minister, Shri P. Chidambaram. Making his opening remarks, the Finance Minister said that subject matter of the today’s meeting was Pre Budget Consultations and therefore, he invited the …

Disinvestment of 12.5 percent paid up equity capital of Rashtriya Chemicals and Fertilizers Ltd.

The Cabinet Committee on Economic Affairs today approved the disinvestment of 12.5 percent paid up equity capital of the Rashtriya Chemicals and Fertilizers Ltd., that is 6,89,61,012 shares each of face value of Rs. 10/- each, out of Government of India’s shareholding of 92.5 percent, in the domestic market, as per SEBI Rules and Regulations. …

Government decides not to Proceed for the Time being with the initial Public offer of 10% Paid-P Equity Shares Of Rashtriya Ispat Nigam Limited (RINL);

Government Remains Committed to the Disinvestment Programme and will Evaluate the Decision in due Course keeping in View all Relevant Factors. Rashtriya Ispat Nigam Limited (RINL) had earlier proposed to make an initial public offer of 488,984,620 Equity Shares of Rs. 10 each by way of an offer for sale by the President of India, …