Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
State Bank of India is also expected to tap the markets this year
Deal comes within days of Abu Dhabi's TAQA pulling out of agreement.
Earlier this month, market regulator Sebi had given go- ahead to the disinvestment department's proposal to give preference in share allotment to those PSUs located in states in which Neyveli's generating units were located.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
A deal with the Assam government, which holds majority stake in the company through Assam Industrial Development Corporation Ltd, is likely by October.
Here's the full text of the statement
Ruias to sell Essar Steel stake to strategic partners.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
Subrata Roy turned up at a New Delhi stadium, best known for hosting the Commonwealth Games, last week as part of his country wide Abhaar Yatra.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
'I have been most pained at being painted as an absconder'.
Move to hasten rollout and, if successful, set a precedent for new banking firms.
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