India Intelligence Report
 

   News Analysis  - Disinvestment


 
 
  • Disinvestment Has Morphed, Restarted (February 09, 2007)
    In a bid to restart disinvestment policy stalled by allies of the government, Finance Minister P. Chidambaram said that the cabinet has approved the offload of a small part of its holding in three public sector power companies.<More>

  • Disinvestment Not for Judicial Review (November 02, 2006)
    Removing a major obstacle to disinvestment, the Supreme Court (SC) threw out a case filed by a labor union challenging the sale of a Government-owned hotel citing a Disinvestment Commission (DC) report recommending the sale of this non-core asset.<More>

  • Govt Plans to Sell Residual Maruti Interest (August 22, 2006)
    Faced with increasingly recalcitrant and belligerent opposition from communist allies to disinvestment plans, the Government is apparently proposing to sell all its residual 10.24% stake in Maruti Udyog Limited (MUL) to net Rs. 2500 crore (USD 543 million).<More>

  • Legal Jolt for Disinvestment (August 08, 2006)
    Disinvestment in India, frozen for political reasons, may face further shocks with legal opinion that residual equity in public sector utilities (PSU) via a call option violated the rights of the shareholders under section 111 A of the Companies Act.<More>

  • Govt to Sell 10% of Nalco, NLC (June 23, 2006)
    The Cabinet Committee on Economic Affairs (CCEA) agreed to allow the Government to disinvest 10% of two profit making public sector non-navratna companies to raise resources for the National Investment Fund (NIF) mostly to fund social sector expenses.<More>

  • NALCO Plans More Takeovers (March 10, 2006)
    In a surprise move, a state owned Aluminum smelting plant near Kalimantan has formally requested Indian Public Sector Utility (PSU) Company National Aluminum Corporation (NALCO) to take over its plant. < More >

  • India Divests 8% Maruti Stake (January 14, 2006)
    The Indian Government divested 8% of its stake in Maruti Udyog Limited to raise Rs.15.67 billion.< More >

 

 

 

 

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