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Abhishek Sharma
Jan 20, 2021, 02:06 PM IST
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Will LIC IPO happen in FY22? Analysts expect lower divestment target in Budget
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Analysts have projected the divestment target for FY21 at around Rs 40,000-70,000 crore against the ambitious goal of Rs 2.1 lakh crore target set for FY21.
The divestments may see a possible upside risk if the LIC IPO is executed, say analysts.
NEW DELHI: While Dalal Street is keenly awaiting LIC IPO and key strategic divestments next financial year, a few brokerages believe the divestment target for FY22 could be set at a lower level than FY21, as a few of the prospective IPOs may see procedural delays.
A snapshot survey of the UK’s supply chain has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide evidence-based insight into how the supply chain was faring in the midst of the public health and economic turmoil of last year.
B.C. property manager and self-described ‘Wolf of Burrard Street’ under investigation Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Colton Roberts, who referred to himself as the Wolf of Burrard Street on his Instagram page, was the subject of a recent order by B.C. s real estate watchdog to stop his alleged unlicensed activity in the Vancouver s rental property market.
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B.C.’s provincial real estate watchdog has ordered a young man to immediately cease managing high-end Vancouver rental properties without a licence as it investigates whether he collected security deposits and then cancelled agreements without returning the money.
Senegal: FAR signs RSSD Project sale contract with Woodside
20 Jan 2021
Woodside exercised its pre-emptive right to acquire FAR s interest in the
Rufisque, Sangomar and Sangomar Deep (
RSSD) Project, offshore Senegal.
On 19 January 2021 the
FAR group executed a Sale and Purchase Agreement with Woodside in relation to the sale. The agreement with Woodside is on the same terms and conditions as the previously announced sale to
ONGC Videsh Vankoreft, details of which are detailed in FAR s Notice of Meeting dated 18 November 2020.
FAR shareholders are due to consider authorising the agreement with Woodside at a shareholders’ meeting to be held on 18 February 2021. FAR will provide shareholders with further information in advance of that meeting to enable them to consider the Woodside sale in the context of the Remus proposal (should Remus provide the Company with a binding proposal prior to the shareholder’s meeting). At this time the Remus proposal is non-binding and cond