Department of Investment and Public Asset Management News

As part of the primary dealer activity, IDBI Bank is involved in market making activities in respect of G-Secs, including T-bills. IDBI's treasury actively participates in primary auction of government bonds.

She noted that the principle of disinvestment is to make sure that privatised companies are in the right hands. The government has also lined up over half a dozen companies for strategic sale. So far, the government has mopped up over Rs 24,000 crore from CPSE disinvestment.

The event is being organised by the Department of Investment and Public Asset Management (DIPAM), in collaboration with NITI Aayog. The apex level consultative post-Budget webinar will see participation from 22 ministries and senior management from PSEs. Finance Minister will also give her address in the concluding session of the webinar.

The last date for submitting expression of interest (EoI) was January 31. This was later extended till February 28. HLL is involved in manufacturing and marketing of a range of contraceptives, women's healthcare products, hospital supplies.

DIPAM website has listed MTNL assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of around Rs 310 crore. MTNL's 20 flats are located in Oshiwara. The e-auction for MTNL assets will take place on December 14.

Against the backdrop of the Cabinet Committee on Economic Affairs (CCEA) last month giving its in-principle approval for Air India's strategic disinvestment, Sinha today responded to various queries related to the airline by way of written replies to the Rajya Sabha

 After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.

With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.

  NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.

Setting the ball rolling on strategic sale of state-owned companies, DIPAM and NITI Aayog have started discussions to identify the PSUs that can be sold outright during the next fiscal.

Government Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management (DIPAM).