The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent. The government plans to sell about 15-20......
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall Illustration: Uttam Ghosh/Rediff.com Several newly listed......
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms The decision of Hindustan Aeronautics (HAL) and Bharat Dynamics, both......
Though this is part of the divestment drive, government’s stake in these companies remains 100 per cent even after the buybacks Eight unlisted state-owned companies bought back shares worth......
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said Life Insurance Corporation of India (LIC) has saved the day for the Rs 4,200......