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PSU disinvestment: Selling family silver, learn from past, said former CMD of VSNL BK Syngal

PSU disinvestment: Selling family silver, learn from past, said former CMD of VSNL BK Syngal PSU disinvestment: Selling family silver, learn from past, said former CMD of VSNL BK Syngal Public Sector Companies May Not Be Innovative, Transformative Or Agile, Which Is A Need To Survive And Be Relevant In The 21st Century; But These Companies Have Brand Equity, Prime Immovable Assets And Operational Set-ups, Which Have Considerable Embedded Value Built With Taxpayers’ Money. They Should Be Divested Thoughtfully. By : Rahul Mishra | Updated on: 13 Oct 2017, 10:29:49 AM New Delhi: The government is expected to raise Rs 15,000 crore from strategic disinvestment of public sector units (PSUs) in the current fiscal. Air India, BEML, Scooters India, Pawan Hans, Central Electronics, Bharat Pumps & Compressors Ltd Bridge & Roof Co, Projects & Development, Hindustan Newsprint and Hindustan Prefab are the family jewel that w

Tata Communications OFS: Tata Communications OFS closes; govt to mop up nearly Rs 5,440 crore

Explore Now MUMBAI: The government is expected to garner Rs 5,440 crore from the offer for sale (OFS) of the Tata Communications which ended on Wednesday. The OFS was subscribed 1.33 times despite poor response from the retail investors. The offer received overall bids for 6.12 crore shares as against 4.6 crore shares on offer. Though the floor price for the OFS was fixed at Rs 1,161, most of the bids came in at Rs 1,184. The portion reserved for retail investors was subscribed by just 1.46%. Shares of Tata Communications declined almost 6% to close at Rs 1141 on BSE. The government was initially offering to sell up to 2.85 crore equity shares representing 10% of the total paid up equity capital of the company with a green shoe option of selling 1.74 crore equity shares representing 6.12%.

Vodafone Idea adds 1 7 m new users in January - The Hindu BusinessLine

Vodafone Idea adds 1.7 m new users in January March 17, 2021 The telecom major has been consistently losing users for the last 15 months After losing subscribers consistently for the last 15 months, Vodafone Idea has managed to add new subscribers in January. According to the data released by the Telecom Regulatory Authority of India, Vodafone Idea added 1.7 million new users in January. The operator had lost 5.7 million customers in December, the highest since March 2020. Vodafone Idea has been consistently losing users over the past year as it curtails loss-making operations. So does the increase in January mean that the worst is over for the beleaguered operator?

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