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Loss making entities may get one last attempt at strategic sale before closure By Subhash Narayan ( IANS) | Published on Wed, Mar 3 2021 19:36 IST | 2 Views Rupees.. Image Source: IANS News New Delhi, March 3 : The government may make one last attempt next fiscal to sell more than two dozen sick and loss making entities that have failed to secure investor interest in earlier rounds of strategic sale. Failing this, these enterprises that have eroded their net worth, would be closed and their assets including land would be sold in parcels. Sources said that the ministry of heavy industries, that administers several of these sick and loss making entities, will be tasked to provide a revised list of public sector enterprises that can be put up for strategic sale, some for another attempt, to the disinvestment department DIPAM that will chart out the roadmap for their sell off. ....
Time to sell the small stuff February 04, 2021 On its last legs: Scooters India’s product line-up has dwindled to only 3-wheelers - THE HINDU ARCHIVES On its last legs: Scooters India’s product line-up has dwindled to only 3-wheelers - THE HINDU ARCHIVES× Scores of low-profile public sector companies on the block are the products of a different era The headline ‘Scooters India to be sold’ has always brought back memories. As a young reporter back in 1985, I d spotted the headline for the first time and dashed off to Udyog Bhavan for details. I found myself face-to-face with a surly joint secretary who replied in monosyllables. That was an era when it was anathema to sell public-sector companies and it didn’t take me long to realise the sale of Scooters India wasn’t going to happen. ....
India Business News: Having failed to find suitors for two ailing public sector companies Scooters India and Bharat Pumps and Compressors the government is finally set ....
Updated Jan 14, 2021 | 16:32 IST In 1975, Scooters India started commercial production of scooters under the Vijai Super brand for the domestic market and Lambretta for the overseas market. Scooters India is engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven threewheelers. New Delhi: The government has finally decided to wind up two ailing public sector companies Scooters India and Bharat Pumps and Compressors- having failed to find suitors for the two PSUs headquartered in Uttar Pradesh. According to a report in the Times of India, the issue of Scooters India’s closure was listed for discussion in Wednesday’s cabinet meeting. Several efforts have been made in the past to find buyers for the two entities but they have not yielded any results. The department of investment and public asset management (DIPAM) has also taken a view that any of the loss-ma ....
Budget 2021: FY21 disinvestment target at Rs 2,14,000 cr; only Rs 6,500 cr achieved so far financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.