Government rakes in Rs 310 crore from EIL buyback

NEW DELHI: The government has raised Rs 310 crore from buyback of , Tuhin Kanta Pandey, secretary of department of investment and public asset management (DIPAM) said Tuesday. The total buyback size was Rs 587 crore, which was fully subscribed. EIL‘s board had approved buyback in December last year. “The public sector enterprise continues to […]

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Bidders for govt’s stake in CPSEs to submit beneficial ownership details for security clearance

New Delhi: Foreign and Indian bidders interested in buying government stake in state-owned firms such as , Air India and , will have to disclose details of the ultimate beneficial owners to get a security clearance. The Department of Investment and Public Asset Management (DIPAM) – the government agency managing the stake sale – has […]

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