indian government

Indian government raises $279 million from steel company sell-down

The sale of a 5.8% stake in Steel Authority of India enables the government to meet its revised divestment target for the current fiscal year, but only with a little help from other state-owned entities.

March 27, 2013

Indian government to raise $2.14 billion from NTPC

The offer is 1.7 times subscribed with the lowest accepted bid coming at a 4.1% discount to the previous close. Meanwhile, the Indian government confirms it raised $590 million from the Oil India sale last week.

February 08, 2013

Indian government raises $585 million from Oil India sale

The offer for sale was about 2.6 times covered and the lowest clearing price equalled a 3.7% discount to the previous day’s close.

February 04, 2013

Indian government offers Oil India stake at 5.6% discount

The government has set a floor price of Rs510 for today’s sale of a 10% stake in the oil and gas producer, implying a deal size of at least $574 million.

February 01, 2013