February 17, 2026 10:53 am (IST)

Make this your homepage

All Finance

Actor Rajpal Yadav granted interim bail in ₹9-crore cheque bounce case | Learn AI or become redundant: Microsoft India President issues stark message | India’s wholesale inflation rises to 1.81% in January as manufacturing prices surge | 'India at forefront of AI revolution': PM Modi welcomes world leaders to Delhi summit | Rs 5,000 to women ahead of Tamil Nadu polls! Vijay slams Stalin, says: ‘take the money, blow the whistle’ | Modi congratulates Tarique Rahman as BNP clinches majority in Bangladesh polls | Bangladesh Polls: Tarique Rahman-led BNP secures 'absolute majority' with 151 seats in historic comeback | BJP MP files notice to cancel Rahul Gandhi's Lok Sabha membership, seeks life-long ban | Arrested in the morning, out by evening: Tycoon’s son walks free in Lamborghini crash case | ‘Why should you denigrate a section of society?’: Supreme Court pulls up ‘Ghooskhor Pandat’ makers

Govt. proposes to disinvest 10 pc equity in Coal India

India Blooms News Service | | Aug 14, 2014, at 09:20 pm

#Coal India Ltd # Public Sector Banks

New Delhi, Aug 14 (IBNS) The Centre is proposing to disinvest 10% of the Government of India's equity in Coal India Ltd (CIL) out of its holding of 89.65%, said Union Minister of State for Power and Coal Piyush Goyal in a written reply to a question in the Lok Sabha Thursday.

The Minister further stated that the Government has constituted the National Investment Fund on Nov 3, 2005, into which the proceeds from disinvestment of CPSEs were to be channelized.

The Government on Jan 17, 2013 and Feb 21, 2013 has approved restructuring of the NIF and decided that the disinvestment proceeds with effect from the fiscal year 2013-14 will be credited to the existing ‘Public Account’ under the head NIF and they would remain there until withdrawn/invested for the approved purposes. It was decided that the NIF would be utilized for the following purposes:-

(i) Subscribing to the shares being issued by the CPSEs including Public Sector Banks (PSBs) and Public Sector Insurance Companies, on rights basis so as to ensure 51% ownership of the Government in those CPSEs/PSBs/Insurance Companies, is not diluted.

(ii) Preferential allotment of shares of the CPSE to promoters as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 so that

Government shareholding does not go down below 51% in all cases where the CPSE is going to raise fresh equity to meet its capital expenditure programme.

(iii) Recapitalization of public sector banks and public sector insurance companies.

(iv) Investment by Government in RRBs/IIFCL/NABARD/Exim Bank.

(v) Equity infusion in various Metro projects.

(vi) Investment in Bhartiya Nabhikiya Vidyut Nigam Ltd and Uranium Corporation of India Ltd.

(vii) Investment in India Railways towards capital expenditure.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm