The government's offer for partial divestment of its stake in Dredging Corporation of India Ltd has been oversubscribed 5.45 times at end of bidding on Thursday.
Dredging Corporation of India Ltd has posted a net profit of Rs 240.90 million for the quarter ended December 31, 2002 as compared to Rs 343.30 million in the quarter ended December 31, 2001.
Centre might move swiftly on its next round of strategic sales in CPSEs
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
The divestment department has lined up a host of companies.
An announcement has barred the entry of journalists in the finance ministry.
Govt has drawn list of PSUs for strategic sale: Jaitley
Expects to raise Rs 9,300 crore from Indian Oil share sale on Monday
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Arun Jaitley will aim for jumps in other revenue streams for the government.
The divergence shows lack of financial depth in the Indian stock markets.
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
Govt seems to bullish to meet its disinvestment target in current fiscal.
Biggest ever share sale by any private or public sector co in India.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
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