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Government realizes ₹ 21432.38 crore by end-November 2016 through CPSEs disinvestment receipts constituting around 59.53 of the Budgeted Target of ₹ 36000 crore ;

News and Press Release - Dated:- 3-1-2017 - Government realizes ₹ 21,432.38 crore, by end-November 2016, through CPSEs disinvestment receipts, constituting around 59.53 % of the Budgeted Target of ₹ 36,000 crore ; Government takes various steps to accelerate the disinvestment process including replacement of annual plan with rolling plans, Fast tracking of approval process and to make Disinvestment programme more inclusive by following an approach to reserve 20 per cent of shares on .....

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ng ₹ 36,000 crore from disinvestment of CPSEs and ₹ 20,500 crore from strategic disinvestment. During the current financial year 2016-17, the Government has so far realized ₹ 23528.73 crore, which include ₹ 21,432.38 crore through minority stake sale in 14 CPSEs and ₹ 2096.35 crore through strategic disinvestment. The total realization of ₹ 21,432.38 crore, by end-November 2016 through CPSEs disinvestment receipts, constitutes around 59.53 per cent of the Budg .....

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y following an approach to reserve 20 per cent of shares on PSUs-OFS transactions for retail investors on a case to case basis. (v) Based on the suggestion made by the Department, SEBI has reduced the notice period for an OFS transaction from T-2 to T-1 (T being the transaction day). This will help in minimizing the possibility of price hammering between the notice day and the transaction day and suitably protecting the interest of retail investors by providing them sufficient time to participat .....

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dividend, bonus shares, etc. The Department of Disinvestment is being re-named as the Department of Investment and Public Asset Management (DIPAM) (ii) In the light of the announcement made, the Department has been re-named as Department of Investment and Public Asset Management (DIPAM) which is in line with focus of the Government on management of its investment in Central Public Sector Enterprises (CPSEs) for accelerating economic development as well as augmenting the Government resources for .....

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time and comprehensively deal with the inter-related issues on payment of dividend, buy back of shares, issue of bonus shares and splitting of shares. The focus of these guidelines is on optimum utilization of funds by CPSEs/Government to spur economic growth. C. The major achievements/highlights in respect of disinvestment of CPSEs are as under: Details in this regard as follows: (i) NHPC OFS CCEA in its meeting held on 10.09.2014 approved 11.36 per cent disinvestment in NHPC out of GoI shareh .....

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06.2016 approved participation of Government in Buyback of shares by NMDC. The NMDC buyback offer opened on 19.09.2016 and closed on 30.09.2016. The Government realised an amount of ₹ 7,519.15 crore. (iv) BEL Buyback The Alternative Mechanism in its meeting held on 05.08.2016 approved participation of Government in Buyback of shares by BEL. The BEL buyback offer opened on 06.10.2016 and closed on 21.10.2016. The Government realised an amount of ₹ 1,802.60 crore. (v) NTPC Employee OFS .....

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nvestment of 10 per cent paid up equity of National Aluminium Co. Ltd (NALCO) out of Government of India s shareholding of 80.93 per cent through Offer for Sale (OFS). The Legal Advisers and Merchant Bankers have been appointed and non deal road shows are being conducted. (ix) Buyback of shares by NALCO Board of NALCO in its meeting held on 25th May, 2016 recommended buyback of fully paid equity shares not exceeding 64,43,09,628 (of face value ₹ 5 each) at price of ₹ 44/- per share. .....

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pital of HCL through OFS method was held on 29/09/2016 & 30/09/2016. A total number of 6,47,65,260 equity shares were offered for sale at floor price of ₹ 62/- per share. The issue was over-subscribed and GoI received an amount of ₹ 399.93 crores as disinvestment proceeds from the said transaction. (xi) Buyback of shares by CIL The Board of Coal India Limited in its meeting held on 11th July, 2016 recommended buyback of fully paid equity shares not exceeding 10,89,55,223 ( Face v .....

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