divestment

Finance Ministry to hunt Cupboard nod for establishing firm to monetise land belongings of privatisation-bound CPSEs

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Finance Ministry to hunt Cupboard nod for establishing firm to monetise land belongings of privatisation-bound CPSEs

[ad_1] The finance ministry will quickly transfer the Cupboard to hunt approval for establishing an organization for switch and subsequent monetisation of land and non-core belongings of privatisation-bound CPSEs, an official mentioned. A particular objective car (SPV) within the type of an organization could be set as much as maintain these belongings which might be … Read more

Crackdown-hit Alibaba to divest 5% stake in Chinese language broadcaster

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Crackdown-hit Alibaba to divest 5% stake in Chinese language broadcaster

[ad_1] An funding arm of Chinese language e-commerce large Alibaba Group Holding Ltd, focused in a regulatory crackdown, will divest its total stake of 5.01% in broadcaster Mango Excellent Media Co Ltd, the media agency mentioned. The sale comes lower than a 12 months after the funding in December final 12 months, as Chinese language … Read more