Topic
disinvestment
Finance Bankers unaware as government timed LIC stake sale to maximise receipts
The Indian government raised Rs 31,000 crore through an offer for sale of LIC shares, timing the transaction to capture favourable market conditions after SBI Mutual Fund's IPO and ahead of NSE and Jio listings. Merchant bankers were kept in the dark until trading closed to prevent leaks and maximise receipts, DIPAM officials said.
Finance Government mops up Rs 31,552 crore from LIC share sale via OFS
The government raised Rs 31,552 crore by selling a 6.5% stake in LIC through an offer for sale, the biggest public offer in Indian stock market history. Shares were allotted at Rs 383.69, above the base price of Rs 382, with demand for 111.3 crore shares against 82.2 crore on offer. LIC's public shareholding now stands at 10%, meeting Sebi's minimum public shareholding norm ahead of schedule.
Government to sell up to 6.5% stake in LIC, may mop up Rs 31k cr
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Business Arvind Panagariya Calls for Dedicated Privatisation Ministry, Urges Reviving PSU and Bank Disinvestment
Arvind Panagariya has called for reviving the government's privatisation programme for PSUs and PSBs and advocated creating an independent privatisation ministry. He also noted strong gross FDI inflows rising to $94.5 billion in FY26 and expects FPI outflows to calm in FY27.
Business India's Government Secures Rs 20,000 Crore via Disinvestment
The Indian government has raised Rs 20,000 crore through disinvestment and asset sales, achieving 25% of its annual target. This move comes as the government faces increased subsidy demands due to the West Asia conflict.
Business Private Investment Announcements Surge to Rs 56 Lakh Crore in FY26
Private investment announcements in India have surged to Rs 56 lakh crore in FY26, up from Rs 37 lakh crore the previous year, according to SBI Research. This growth is largely driven by the manufacturing and infrastructure sectors, reflecting increased business confidence and economic momentum.