Tuesday, January, 31,2023

Latest News

Govt may extend dateline for submitting expression of interest of IDBI Bank disinvestment

New Delhi: The deadline for the submission of expression of interest (EoI) by interested parties for IDBI Bank is likely to be extended as the lender's transaction advisor has requested for an extension, according to finance ministry sources. The last date for expression of interest (EoI) submission is December 16.
In October, the government and the LIC decided to offload a little over 30 per cent each in IDBI Bank. They issued a preliminary information memorandum, inviting EoIs for an aggregate 60.72 per cent stake, along with management control. Life Insurance Corporation (LIC) and the government hold 49.24 per cent and 45.48 per cent in IDBI Bank, respectively.
Finance Ministry sources said that EoI for CONCOR (Container Corporation of India) could be invited by January 2023. The disinvestment of Shipping Corporation of India (SCI) and BEML transactions is likely to close next Financial Year.
Sources in the finance ministry said that they have received in-principle approval for the disinvestment of RINL (Rashtriya Ispat Nigam). "We are going forward and working out the transaction structure."
Talking about the disinvestment target, the official said, "We are not chasing disinvestment target. The government has set its disinvestment target for this fiscal at Rs 65,000 crore." (ANI)

  Share on

Related News

Won't join BJP-RSS even if they make me PM: Siddaramaiah

UAE Vice President Rashid Al Maktoum renames Al Minhad District as Hind City

UAE Vice President Rashid Al Maktoum renames Al Minhad Di...

Congress brought all anti-social elements together in yatra: BJP's Sudhanshu Trivedi

Congress brought all anti-social elements together in yat...

Those engaged in religious conversions will never succeed in their evil design: CM Yogi

Those engaged in religious conversions will never succeed...

Death toll hits 44 in Peshawar mosque blast; 157 injured

Death toll hits 44 in Peshawar mosque blast; 157 injured

BJP, RSS never criticised any religion; Other political parties spread communal frenzy: RSS

BJP, RSS never criticised any religion; Other political p...

Court acquits 9 accused in North East Delhi violence case

Court acquits 9 accused in North East Delhi violence case

Hundreds of Pakistani soldiers were killed in Jamalpur operation before surrender by Pak Army in 1971 war: War hero Lt Gen Kuldip Singh Brar

Hundreds of Pakistani soldiers were killed in Jamalpur op...

google ad
-->