Pune, April 24 (IANS) Finance Minister Nirmala Sitharaman on Friday confirmed that the government plans to continue with the disinvestment process of IDBI Bank.The comments dispelled the uncertainty hanging over the privatisation of IDBI Bank, as the offers received in the earlier bidding round were below the reserve price fixed by the government. Consequently, the proposed transaction had to be called off last month.Under the original plan, the government was to sell a 30.48 per cent stake in I…
Latest Department of Investment and Public Asset Management News & Updates
New Delhi, Jan 5 (IANS): Upstream public sector giant Oil and Natural Gas Corporation Limited (ONGC) on Monday signed joint venture agreements with Japan’s Mitsui O.S.K. Lines Ltd. (MOL) for a 50 per cent stake each in two joint venture entities — Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, registered in Gift City at Gujarat’s Gandhinagar.”The Maharatna company will subscribe to 2,00,000 equity shares, of Rs 100 per share, in each of the joint venture …