Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years
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Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 yearsPTI
Last Updated: Mar 15, 2021, 08:09 PM IST
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Minister of State for Defence Shripad Naik said the policy is also aimed at meeting the minimum public shareholding norms of SEBI (Securities and Exchange Board of India) and for ensuring higher degree of accountability.
The minister said the policy of disinvestment of minority stake without transfer of management control is being followed for priority sector including defence to unlock value, promote public ownership.
The government has collected Rs 26,457 crore by decreasing its shareholding in six defence public sector undertakings (DPSUs) in the last five years, according to details provided by Minister of State for Defence Shripad Naik in Rajya Sabha on Monday.
Job alert » BDL Recruitment 2021 For 70 Project Engineer And Project Officer Posts, Apply Online Before March 31
BDL Recruitment 2021 For 70 Project Engineer And Project Officer Posts, Apply Online Before March 31
Job Alert Published: Friday, March 12, 2021, 11:44 [IST]
Bharat Dynamics Limited (BDL) has released an official notification for the recruitment of Project Engineer and Project Officer posts. The willing and interested candidates can apply online for the posts through the prescribed application format at the official website bdl-india.in before 31 March 2021.
BDL Recruitment 2021: Vacancy Details
There are a total of 70 vacancies available as part of the BDL Recruitment 2021 drive.
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BDL Recruitment 2021: Eligibility Criteria
BDL Recruitment 2021: Apply for 70 Project Engineer and Officer Posts on contact basis at bdl-india in timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Paras Defense And Space Technologies Ltd. files for IPO
Posted On: 2021-03-09 09:02:34 (Time Zone: Arizona, USA)
Paras Defense And Space Technologies Ltd., one of the Indigenously Designed Developed and Manufactured Company (IDDM) category private sector company in India, primarily engaged in designing, developing, manufacturing and testing of a wide range of defense and space engineering products and solutions; has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator for IPO.
The Issue will comprise of a Fresh Issuance of equity shares aggregating up to Rs 120 cr and an Offer For Sale of up to 17,24,490 equity shares by Promoter Selling Shareholders and Individual Selling Shareholders. The Company, in consultation with BRLMs, may consider a pre-ipo placement of equity shares for cash consideration aggregating up to Rs. 35 crore; further to which particular amount raised from the pre-ipo placement will not be reduced from the fresh issue.
India is set to become a competitive exporter in the global defence market Saturday, March 06, 2021 By: The Week
Prime Minister Narendra Modi set a target for Indian defence exports: $5 billion by 2024. Last month, the Union cabinet cleared the export of Akash missile systems and formed a high-powered panel to grant swift approval to export military hardware.
Besides Akash, surface-to-air missile systems, the BrahMos supersonic cruise missile and larger weapon systems can now be sold to “friendly foreign” nations that have a robust system to manage these assets. It will also help improve strategic ties with them. Until now, India has only exported ordnance and smaller armaments.