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Govt seeks merchant bankers for selling equity in public sector banks financial institutions

by AIP Online Bureau | Feb 24, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) On the disinvestment of PSU banks, Pandey stated that the Department of Financial Services could provide more details, but he mentioned that it is not being pursued currently...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

Several privatisation transactions in an advanced stage: DIPAM Secretary

by AIP Online Bureau | Mar 10, 2022 | Eco/Invest/Demography, Indian News, Policy

Regarding the mega-IPO of LIC, Pandey said the DRHP has been filed already. ”We are watching the market conditions due to the Russia-Ukraine conflict. Hopefully, the IPO will be brought to the market soon and it will be a great opportunity for the Indian capital...
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