Major Achievements Archives

S.No. Month Achievements
1 April 2019
  1. Completed Transactions during April 2019: (i) Rail Vikas Nigam Ltd. was listed in the stock exchange in April, 2019 and fetched an amount of Rs. 475.89 crore. (ii) Sale of Enemy Shares: This transaction fetched an amount of Rs. 1,875.37 crore in April, 2019.
  2. Important meetings during the month: (i) A presentation on proposed structure of Debt ETF was made by the AMC on 15.04.2019. (ii) An Inter-ministerial Group (IMG) meeting was held on 15.04.2019 regarding engagement of Advisor/ Consultant for Merger/ Acquisition of Insurance Companies.
  3. Progress of Important Strategic Disinvestment Cases during the month:(i) Project & Development India Ltd.: First meeting of the Evaluation Committee (EC) held on 5.4.2019 to consider the revised Expression of Interest (EoI) and Preliminary Information Memorandum (PIM). A review meeting was held in DIPAM on 11.4.2019 to expedite the process. (ii) Pawan Hans Ltd. (PHL): Core Group of Secretaries on Disinvestment (CGD) in its meeting held on 16.04.2019 recommended issue of fresh EoI and PIM in this case. (iii) Bharat Pumps & Compressors Ltd. (BPCL): Virtual Data Room (VDR) has been opened to the bidders. Share Purchase Agreement (SPA) was shared with QIBs on 29.03.2019.(iv) Central Electronics Ltd. (CEL): Draft SPA, referred to M/o Law, has been vetted. Approval of Alternative Mechanism (AM) is awaited. (v) Bharat Earth Movers Ltd. (BEML Ltd.): The due diligence process has been undertaken by the Ministry. CGD note prepared on the recommendations of D/o Defence Production submitted for consideration of CabinetSecretariat on 8.4.2019. Clarification on land use in case of BEML is being sought from D/o Defence Production. (vi)HLL Life Care.: The Ministry has been advised to process for demerger of subsidiaries and provide inputs on PIM. A review meeting was held in DIPAM on 11.04.2019 to expedite the process. (vii) Indian Medicines Pharmaceutical Corporation Ltd. (IMPCL): PIM/ EoI was issued on 13.04.2019. Last date of receiving EoI is 18.05.2019.
  4. International / Domestic Road-Shows during April, 2019: International Road-shows were held in London and Paris from 8th to 11th April, 2019 to explore possibilities of launching an offshore ETF.
2 March 2019
  1. 1. Against the budget estimate (BE) for disinvestment of Rs. 80,000 crore for 2018-19, through efficient investment management in CPSEs, the Government could realize Rs. 84,971 crore. A. Completed Transactions during March 2019: (i) Oil India Ltd. (OIL): The buyback offer of OIL from 15.2.2019 to 1.3.2019, fetched an amount of Rs.720.80 crore. (ii) Coal India Ltd. (CIL): Government of India realized an amount of Rs.1039.71 crore from the buyback of CIL shares.(iii) CPSE ETF FFO 4: The Further Fund Offering - 4 of CPSE ETF was launched from 19th to 22nd March, 2019. Government of India realized an amount of Rs. 9,350.07 crore from this transaction. (iv)National Projects Construction Corporation Ltd. (NPCC): Government of India realized an amount of Rs. 79.80 crore from the strategic sale of NPCC to WAPCOS. (v) MSTC Ltd.: MSTC Ltd. was listed on 29.3.2019 through IPO route. Government of India realized an amount of Rs.210.60 crore from this transaction. (vi) Dredging Corporation of India Ltd. (DCIL): Government of India realized an amount of Rs.1049.17 crore from the sale proceeds of strategic disinvestment of DCIL. (vii) NMDC Ltd.: Government of India realized an amount of Rs.768.78 crore from the buyback of shares of NMDC. (viii) PFC-REC Deal: PFC bought the 52.63% stake of Government of India in REC at a value of Rs. 14499.99 crore.
  2. B. Important meetings during the month: (i) The Cabinet Committee on Economic Affairs in its meeting held on 7.3.2019 approved the following delegation of power to the Alternative Mechanism (AM) in all cases of strategic disinvestment of CPSEs as under: (a) The quantum of shares to be transacted, mode of sale and final pricing of the transaction or lay down the principles/ guidelines for such pricing; and the selection of strategic partner/ buyer; terms and conditions of sale; and (b) To decide on the proposals of CGD with regard to the timing, price, the terms & conditions of sale, and any other related issue to the transaction. (ii)The Union Cabinet had approved the proposal of DIPAM on Laying down procedures & mechanism for Asset Monetisation of CPSEs/PSUs/other Govt. organisations and Immovable Enemy Property on 28.2.2019. C. Progress of Important Strategic Disinvestment Cases during the month: (i) Hindustan Prefab Ltd. (HPL): Alternative Mechanism approved closure of HPL to be initiated by Ministry of Housing & Urban Affairs.(ii) Central Electronics Ltd. (CEL): Draft SPA was considered and approved by CGD on 18.3.2019. Thereafter, the draft SPA has been referred to M/o Law for legal vetting.(iii) Cement Corporation of India Ltd. (CCI): Expression of Interest / Preliminary Information Memorandum (EoI/PIM) approved by Department of Heavy Industry and EoI / PIM published on 2.3.2019.(iv) Bharat Pumps & Compressor Ltd.: Share Purchase Agreement shared with QIBs on 29.3.2018. D. International / Domestic Road-Shows during March, 2019: Domestic Road-shows were held in Mumbai in respect of Rail Vikas Nigam Ltd. The IPO was launched on 29.32019.
3 February, 2019
  1. Completed Transactions: (i) Bharat 22 ETF: The Additional Offer of Bharat 22 ETF was launched on 14.2.2019. Government of India realized an amount of Rs. 10,405 crore approximately toward the sale proceeds. Against, the base issue size of Rs. 3,500 crore, more than Rs. 49,000 crore were received as subscription. (ii) Sale of shares under SUUTI fetched Rs. 5,378.66 crore. (iii) Buyback of ONGC was completed which fetched Rs. 2,510.51 crore
  2. Progress of Strategic Disinvestment Cases during the month: (i) Projects and Development India Ltd. (PDIL): AM in its meeting held on 18.2.2019 decided to open up disinvestment of PDIL to strategic partner. (ii) National Project Construction Corporation Ltd. (NPCC): WAPCOS submitted financial bid on 27.2.2019. Evaluation Committee (EC) in its meetings held on 28.2.2019 and 1.3.2019 considered the valuation made by Transaction Adviser and Asset Valuer and the recommendation of Ministry of Water Resources and recommended reserve price to CGD. (iii) Engineering Projects (India) Ltd. (EPIL): Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 13.2.2019 approved DIPAM's proposal to open the bidding to all eligible CPSEs and to all eligible private sector entities. Decision of CCEA conveyed to DHI on 20.2.2019. EC meeting was held on 28.2.2019. (iv) Bridge and Roof Co. India Ltd. (B&R): Bidders have been shortlisted. Draft SPA shared with shortlisted bidders on 9.2.2019. Virtual Data Room (VDR) was opened on 15.2.2019. (v) Pawan Hans Ltd. (PHL): Final SPA approved by AM on 18.2.2019, provided to shortlisted bidders on 19.2.2019. Bidders to submit financial bid by 12.3.2019. (vi) Central Electronics Ltd. (CEL): EC in its meeting held on 21.2.2019 considered the feedback from QIBs and recommended few substantial changes in draft SPA. Changes in draft SPA submitted for approval of CGD. (vii) Cement Corporation of India Ltd. (CCI): Expression of Interest / Preliminary Information Memorandum (EoI/PIM) approved by DIH and EoI / PIM published on 2.3.2019. (viii) Dredging Corporation of India Ltd. (DCIL): AM has approved acceptance of financial bid by consortium of 4 ports on 4.2.2019. SPA has since been signed and the Government will receive Rs. 1,050 crore from this sale. (ix) Indian Medicines Pharmaceutical Corporation Ltd. (IMPCL): PIM / EoI and draft SPA approved by CGD on 11.2.2019. AM approved PIM / EoI on 20.2.2019.
  3. Progress on other transactions: (i) NMDC Ltd.: NMDC buyback offer of shares opened for subscription on 13.2.2019 and closed on 27.2.2019. Government of India is expected to receive about Rs. 768 crore from this transaction. (ii) Sale of Enemy Shares under Custodian of Enemy Property of India (CEPI) started since 22.2.2019 and so far Rs. 445 crore were received till 7.3.2019.
  4. International / Domestic Road-Shows during February, 2019: (i) International Road-shows were held in Hongkong & Singapore from 11-13th February, 2019 in respect of MSTC Ltd. IPO. Further, Domestic Road-show was held in Mumbai from 20-22th February, 2019 in respect of MSTC Ltd. IPO. (ii) International Road-show was held in Paris on 18.2.2019 in respect of Mazagon Dock Shipbuilders Ltd.
4 January, 2019
  1. Completed Transaction: 1. Buyback of NHPC Ltd.: Buyback of shares offer opened for subscription on 21.1.2019. The Government has received Rs. 397.90 crore approximately from this buyback.
  2. Transactions which are under progress: 1. Important Meetings held during the Month: (i) An Inter-Ministerial Group (IMG) meeting was held on 17.1.2019 for the sale of enemy shares. (ii) A HLC meeting was held on 31.1.2019 with respect of sale of share held under the custody of Custodian of Enemy Property for India. 2. Status of Buyback cases: (i) Indian Oil Corporation Ltd. (IOCL): An IMG meeting was held on 3.1.2019 regarding Buyback of IOCL. (ii) NMDC Ltd.: The High Level Committee (HLC) and Alternative Mechanism (AM) meetings for buyback of shares by NMDC Ltd. were held on 9.1.2019. The AM considered the recommendations of HLC and approved participation of Government in this transaction. 3. Status of Strategic Disinvestment Cases: (i) Kamarajar Port Ltd. (KPL): Core Group of Secretaries on Disinvestment (CGD) in its meeting held on 23.1.2019 had considered the Ministry of Shipping proposal on strategic disinvestment of KPL. In this regard, a CCEA Note incorporating the recommendation of CGD has been initiated. (ii) NPCC Ltd.: CGD in its meeting was held on 23.1.2019 approved the draft Share Purchase Agreement in respect of strategic disinvestment of NPCC Ltd. (iii) HFL: CGD in its meeting was held on 23.1.2019 in respect of strategic disinvestment of HFL, recommended the closure of HFL. (iv) Dredging Corporation of India Ltd. (DCIL): AM has approved Share Purchase Agreement for strategic disinvestment of DCIL. (v) Air India and its five subsidiaries and one Joint Venture: IMG meeting was held on 31.1.2019 in Ministry of Civil Aviation to finalize Expression of Interest/Preliminary Information Memorandum to be issued to prospective bidders. (vi) Pawan Hans Ltd. (PHL): Comments received from the short-listed bidders have examined by the Transaction Adviser and Legal Adviser. 4. Status of Initial Public Offer cases: (i) MSTC (IPO): The Inter-Ministerial Group (IMG) for engagement of Advertising Agency for MSTC IPO was held on 2.1.2019. Appointment letter has been sent to the Advertising Agency. Further, the High Level Committee and AM meetings for this transaction were held on 29.1.2019. The AM considered the recommendations of High Level Committee and approved percentage of disinvestment and other offer related matters for this transaction. 5. Status of Merger & Acquisition: The following progress took place in respect of Merger & Acquisition: (i) M/s RBSA has been appointed as the Asset Valuer. 6. Status of Offer for Sale cases: (i) Bharat Electronics Ltd. (BEL): Domestic Road-show for BEL OFS was held on 16th & 17th January, 2019 in Mumbai and 24th January, 2019 in Chennai. (ii) Housing and Urban Development Corporation Ltd. (HUDCO): The road shows for HUDCO OFS was conducted during 23rd & 24th January, 2019 in Mumbai and Hong Kong on 30th & 31st January, 2019.
5 December, 2018
  1. Completed Transaction: 1. Buyback of Cochin Shipyard Ltd. (CSL): Buyback of shares offer opened for subscription on 28.11.2018 and closed on 11.12.2018. The Government has received Rs. 137.29 crore approximately from this buyback.
  2. Transaction which are under progress: 1. Status of Buyback cases: (i) Indian Oil Corporation Ltd. (IOCL): The High Level Committee in its held on 13.12.2018 recommended buyback of shares, which was subsequently approved by Alternative Mechanism. (ii) Oil & Natural Gas Corporation Ltd. (ONGC): The Board of Directors in its meeting held on 20.12.2018, passed a resolution recommending buyback of its fully paid-up equity share. Alternative Mechanism on 20.12.2018 gave approval for participation of GoI in the buyback offer of ONGC. 2. Status of Strategic Disinvestment Cases: (i) Kamarajar Port Ltd. (KPL): Ministry of Shipping on 3.12.2018 has proposed selling of 10% equity shares of GoI in KPL to Chennai Port Trust. In this context, the Note for Core Group of Secretaries on Disinvestment (CGD) to consider the proposal of Ministry of Shipping has been submitted to Cabinet Secretariat on 6.12.2018. (ii) Projects and India Development Ltd. (PIDL): CGD meeting was held on 10.12.2018 to consider the conditional bid of Engineers India Ltd. in respect of strategic disinvestment of PIDL. (iii) National Projects Construction Corporation Ltd. (NPCCL): CGD meeting was held on 10.12.2018 to consider and approve the draft Share Purchase Agreement (SPA) in respect of strategic disinvestment of NPCCL and its merger with WAPCOS Ltd. (iv) Dredging Corporation of India Ltd. (DCIL): CGD in its meeting on 10.12.2018 had approved the draft SPA and Request for Proposal (RFP) for strategic disinvestment of DCIL and recommended the draft RFP for consideration of Alternative Mechanism (AM). AM in its meeting held on 12.12.2018 had approved draft RFP for strategic disinvestment of DCIL. 3. Status of Initial Public Offer cases: (i) MSTC (IPO): The RFP for engagement of Advertising Agency for IPO of MSTC has been floated on 03.12.2018. The Inter-Ministerial Group (IMG) for engagement of Registrar for MSTC IPO was held on 03.12.2018. Appointment Letter has been sent to the Registrar. (ii) CCEA in its meeting held on 27.12.2018 has given ‘in-principle’ approval for Initial Public Offer/ Further Public Offer of 7 CPSEs namely Telecommunication Consultants (India) Ltd. (IPO), RailTel Corporation India Ltd. (IPO), National Seed Corporation India Ltd. (IPO), Tehri Hydro Development Corporation Ltd. (IPO), Water & Power Consultancy Services (India) Ltd. (IPO), FCI Aravali Gypsu and Mineral (India) Ltd (IPO) and Kudremukh Iron Ore Company Ltd. (FPO). 4. Status of Disinvestment of SUUTI Holdings cases: (i) An IMG meeting was held on 5.12.2018 to consider the issue of utilizing services of all the six merchant bankers for a transaction for disinvestment of SUUTI holdings. 5. Status of Merger & Acquisition: The following progress took place in respect of Merger & Acquisition: (i) J Sagar Associates has been appointed as the Legal Adviser & ICICI Securities appointed as the Transaction Adviser; (ii) Appointment process of Asset Valuer is in progress. 6. Status of Offer for Sale cases: (i) General Insurance Corporation of India and New India Assurance Company Ltd. (GIC & NIACL): An IMG meeting held on 18.12.2018 for selection of Merchant Bankers/ Selling Brokers and Legal Adviser for disinvestment in respect of OFS of GIC and NIACL.
6 November, 2018
  1. The RFP for engagement of Registrar for MSTC IPO has been floated on 1.11.2018. Review meeting for MDL IPO was held on 12.11.2018 in DIPAM. In case of NEEPCO IPO, the Registrar and the Statutory Auditors have been appointed.
  2. The status on buyback of shares: (i) KIOCL buyback of shares offer opened for subscription on 22.10.2018 and closed on 2.11.2018. The Government has received Rs. 205.34 crore approximately from this buyback. (ii) The Board of OIL in its meeting on 19.11.2018 has approved the buyback of shares. The Alternative Mechanism in its meeting held on 19.11.2018 has approved the participation of the Government in the offer of buyback of OIL and the Government is likely to realize Rs. 620 crore (approx) from this buyback. (iii) The Board of NHPC has approved the buyback of shares on 14.11.2018. The Alternative Mechanism has approved the buyback which is likely to fetch Rs. 600 crore.
  3. Status of Strategic Disinvestment: (i) CCEA in its meeting held on 8.11.2018 has given ‘in-principle’ approval on the CGD recommendation on strategic disinvestment of DCIL. Note for CGD to approve SPA and RFP has been submitted to the Cabinet Secretariat on 30.11.2018. (ii) The SPA between Ministry of Health & Family Welfare on behalf of the President of India and the NBCC has been signed on 6.11.2018 in respect of the strategic disinvestment of HSCC Ltd. The Government has received Rs. 285 crore approx. from this transaction. (iii) The Alternative Mechanism in its meeting held on 30.11.2018 has approved the recommendation of the CGD to extend the bidding for strategic disinvestment of Hindustan Prefab Ltd. to private bidders.
  4. The CPSE-ETF FFO was successfully completed during 27-30th November, 2018 and the Government received Rs. 17,000 crore from this transaction and this is the biggest disinvestment transaction through the ETF.
  5. The domestic Road Show for the OFS of the NTPC was conducted on 21st and 22nd of November, 2018 in Mumbai.
  6. The Legal Adviser for the merger & acquisition in the power sector CPSEs has been appointed while the IMG has finalized the selection of Transaction Adviser.
  7. The Union Cabinet has given “in-principle” approval for sale of enemy property shares under the Custodian of Enemy Property of India on 8.11.2018. The decision will lead to monetization of enemy shares that has been lying dormant for decades since coming into force of the Enemy Property Act in 1968. DIPAM will implement this decision and proceeds will be credited under disinvestment.
7 October, 2018
  1. The Initial Public Offer (IPO) of Garden Reach Shipbuilders & Engineers Ltd. (GRSE Ltd.) was launched in October, 2018 and the stock was listed on Stock Exchanges on 10.10.2018. An amount of Rs. 342.90 crore has been realized through this IPO transaction.
  2. The Registrar and Statutory Auditors have been appointed for listing of North Eastern Electric Power Corporation Ltd (NEEPCO). The Kick off meeting took place on 4.10.2018 in respect of IPO of MSTC Ltd.
  3. The following meetings of High Level Committee (HLC) and Alternative Mechanism (AM) have been held during October, 2018: (i) The HLC and AM meetings for buyback of shares of Cochin Shipyard Ltd. (CSL) was held on 16.10.2018. The buyback of shares of CSL is under progress. (ii) With the approval of AM, in its meeting held in October, 2018, it was decided that GoI will participate in the buyback of shares of NLC India Ltd., NALCO & BHEL.
  4. The following meetings of the Inter-Ministerial Group (IMG) have been held during October, 2018: (i) IMG meeting was held on 5.10.2018 for selection of Legal Adviser for Debt ETF. (ii) IMG meeting was held on 5.10.2018 in connection with buyback of shares by Indian Oil Corporation of India Ltd. (iii) In the IMG meeting held on 16.10.2018, Request for Proposal (RFP) for Merchant Bankers & Legal Advisers for Offer for Sale (OFS) of General Insurance Corporation of India and New India Assurance Company Ltd. were approved. (iv) IMG meeting for selection of Legal Adviser for OFS of Bharat Electronics Ltd. (BEL) was held on 26.10.2018. The selection of Legal Adviser for BEL OFS is under progress. (v) IMG meeting for selection of Merchant Bankers and Legal Adviser for the OFS of Housing & Urban Development Corporation Ltd. & NBCC (India) Ltd. were also held on 23.10.2018 and 25.10.2018 respectively.
  5. The Offer for Sale (OFS) of Coal India Ltd. took place on 31.10.2018 & 01.11.2018 and the Government realised an amount of Rs. 5,218.30 crore from this OFS.
  6. In case of strategic disinvestment of CPSEs, the following progress took place: (i) Hospital Services Consultancy Ltd. (HSCC Ltd.): AM approved the recommendation of Core Group of Secretaries on Disinvestment (CGD) to accept revised price bid of INR 285 crore of NBCC (India) Ltd. as the consideration for sale of GoI's existing 100% paid up equity share capital of HSCC Ltd. along with transfer of management control. Share Purchase Agreement has since been signed between NBCC (India) Ltd. and Ministry of Health and Family Welfare.(ii) Bridge and Roof Co. India Ltd. (B&R): Expression of Interest has been published on 25.10.2018 in respect of B&R. (iii) Pawan Hans Ltd. (PHL): Expression of Interest has been received in respect of PHL.
  7. Dredging Corporation of India Ltd. (DCIL): Transaction Adviser, Legal Adviser & Asset Valuer were selected.
  8. International road shows for the rebalanced CPSE-ETF Further Fund Offer-3 (FFO-3) took place in Hong Kong on 8th & 9th October, 2018.
8 September, 2018
  1. The following meetings of High Level Committee (HLC) and Alternative Mechanism (AM) have been held during September, 2018: (i) HLC meeting was held on 05.06.09.2018 for Initial Public Offer (IPO) of Mazagon Dock Shipbuilders Ltd. (MDSL). (ii) AM in its meeting held on 06.09.2018 approved to initiate the process of disinvestment of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIACL). The requisite number of Merchant Bankers and Selling Brokers are to be appointed through an open competitive process. AM also approved to disinvest GoI shares in GIC and NIACL through OFS method. (iii) AM in its meeting held on 07.09.2018 approved the rebalancing, re composition of basket of existing CPSE ETF. (iv)The HLC and AM meetings were held on 20.09.2018 for Fixation of issue price for IPO of IRCON International Ltd. Further the CPSE successfully listed on stock exchanges on 28.09.2018. (v) The HLC and AM meetings for IPO of Garden Reach Shipbuilders & Engineers Ltd. (GRSE) were held on 26.09.2018.
  2. The IPO of IRCON was launched during 17th to 19th September, 2018. The IPO of GRSE was launched during 24.09.2018 to 1.10.2018. The two CPSEs have been since listed on the stock markets.
  3. The following meetings of the Inter-Ministerial Group (IMG) have been held during September, 2018: (i) An IMG meeting was held on 05.09.2018 with regard to buyback of shares by 13 CPSEs, based on the Guidelines on Capital Restructuring of CPSEs dated 27.05.2016. (ii) An IMG meeting was held on 14.09.2018 for buyback of shares in Cochin Shipyard Ltd. (iii) An IMG meeting was held on 17.09.2018 for selection of Merchant Bankers (MBs) in respect of Offer for Sale of Bharat Electronic Ltd. Appointment of MBs is under progress.
  4. The Core Group of Secretaries on Disinvestment (CGD) in its meeting held on 13.09.2018 had considered the Ministry of Shippings proposal on strategic disinvestment of Dredging Corporation of India Ltd. In this regard, a Note for Cabinet Committee on Economic Affairs incorporating the recommendation of CGD has been initiated and circulated to all the stakeholder Ministries for comments.
9 August, 2018
  1. The following meetings of the Inter-Ministerial Group (IMG) have been held during August, 2018: (i) An IMG meeting was held on 31.7.2018 for selection of Adviser for Further Fund Offer of existing CPSE ETF. IMG recommended the name of M/s ICICI Securities as Adviser. The recommendation of IMG has been approved by the Hon'ble Finance Minister. (ii) An IMG meeting was held on 13.8.2018 in Ministry of Steel to discuss and carry out further due diligence with the focus on financial and operational parameters of Salem Steel Plant and Bhadrawati Units of SAIL.
  2. The following meetings of the Core Group of Secretaries on Disinvestment (CGD) have been held during August, 2018: (i) In its meeting held on 17.8.2018, CGD approved the Draft Share Purchase Agreement for strategic disinvestment in respect of (a) Scooter India Ltd. (b) Bharat Pumps & Compressor Ltd. and (c) Bridge & Roof Company (India) Ltd.
  3. In respect of Debt ETF, an Inter-Ministerial Group meeting was held on 17.8.2018 for selection of Legal Adviser (LA) and approved amendments/provisions to draft RFP for LA.
  4. In its meeting held on 24.8.2018, The Alternative Mechanism (AM) considered and approved the EoI and Preliminary Information Memorandum with regard to strategic disinvestment of Central Electronics Ltd.
  5. In case of Initial Public Offer of IRCON International Ltd., meetings of the High Level Committee and Alternative Mechanism were held on 30.8.2018 for fixation of the price band, discount and other offer related matters.
  6. The High Level Committee (HLC) and AM meetings in respect of IPO of Garden Reach Shipbuilders & Engineers Ltd. were held on 30.8.2018. The AM considered the recommendations of HLC and approved price band, discount and other offer related matters. The IPO will be opened for subscription on 14.9.2018 and will be closed on 18.9.2018.
  7. International road shows for the following CPSEs were held during the month of August, 2018: (i) International Non-deal road shows were held in USA during 20th to 24th August 2018 in respect of Coal India Ltd. and Oil & Natural Gas Corporation Ltd. (ii) International road shows were held in Hong Kong and Singapore during 13th to 16th August 2018 in respect of Initial Public Offer (IPO) of Garden Reach Shipbuilders & Engineers Ltd. and during 20th to 24th August 2018 in respect of IPO of Mazagon Dock Shipbuilders Ltd.
10 July, 2018
  1. The following Inter-Ministerial Group (IMG) meetings took place during July 2018: (i)The meeting of the IMG was held on 23.7.2018 for selection of single bidder BRLM in respect of Initial Public Offer (IPO) of MSTC Ltd. (ii) The meeting of the IMG was held on 31.7.2018 for selection of Adviser for Further Fund Offer (FFO) of existing CPSE-ETF.
  2. In case of IPO of North Eastern Electric Power Corporation Ltd., the BRLMs and Legal Adviser have been appointed on 18.7.2018.
  3. The following meetings of High Level Committee (HLC) were held in respect of disinvestment through the Offer for Sale (OFS) route as under: (i) The HLC meeting in respect of disinvestment of Bharat Electronics Ltd. was held on 5.7.2018. (ii) The HLC meetings in respect of disinvestment of Housing & Urban Development Corporation Ltd. & NBCC (India) Ltd. were held on 11.7.2018. (iii) The HLC meetings in respect of disinvestment of Rashtriya Chemicals and Fertilizers Ltd. & National Fertilizers Ltd. were held on 18.7.2018.
  4. In case of strategic disinvestment of CPSEs, the following progress took place: (i) Project & Development India Ltd. (PDIL): Request for Proposals (RFPs) were issued to short-listed bidders on 31.07.2018 for inviting financial bid. (ii) Hindustan Prefab Limited (HPL): Alternative Mechanism (AM) approved the request of NBCC (India) Ltd. for extension of last date for submission of financial bids by 2 weeks. (iii) Hospital Services Consultancy Ltd. (HSCC): Meetings of the Core Group of Secretaries on Disinvestment (CGD) took place on 16.07.2018 and 25.07.2018. (iv) Engineering Project (India) Ltd. (EPIL): Meeting of CGD took place on 16.7.2018. (v) Central Electronics Ltd.(CEL): CGD in its meeting held on 16.07.2018 has recommended the Expression of Interest (EoI) and Preliminary Information Memorandum (PIM) for seeking approval of Alternative Mechanism. (vi) Indian Medicines Pharmaceutical Corporation Ltd. (IMPCL): An IMG meeting was held on 13.7.2018 for selection of Single Bidder Transaction Adviser (TA).
  5. In respect of Debt-ETF, an Adviser has been selected by the IMG in its meeting held on 13.7.2018.
  6. Three International Road-shows in respect of Coal India Ltd. (CIL) OFS were held during the month of July 2018 as under: (i) In Singapore on 17th and 18th July, 2018 and in Hong Kong on 19th and 20th July, 2018. (ii) An International Road-show was also held on 23rd and 24th July, 2018 in United Kingdom.