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Govt mops up $246 mn from Bharat Electronics stake sale

Ankit Doshi

The government has raised Rs 1,650 crore ($246 million) by selling a 5% stake in Bharat Electronics Ltd (BEL), inching closer to its disinvestment target for the fiscal year that ends next month.

Monnet Ispat stake sale likely by March-end, says chairman

Deepak Kumar Sahu

The process of selling a majority stake in Monnet Ispat and Energy Ltd (MIEL) is likely to be over by the end of the current financial year, Sandeep Jajodia, the company’s chairman and managing director, says in an interview.

Govt eyes $246 mn from stake sale in Bharat Electronics

Ankit Doshi

The government will sell a 5% stake in state-run aerospace and defence company Bharat Electronics Ltd to raise about Rs 1,650 crore ($246 million) as part of the disinvestment plan for the current financial year.

Rosneft-led group plans to complete Essar deal next month


A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.