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Strategic Sale to Private Entity
(as on 23 November 2024)
Initial Sale of Complete Shareholding
(with post-transaction equity of the Government becoming NIL)
SL. NO.
COMPANY
(NAME AS AT THE TIME OF DISINVESTMENT)
FINANCIAL YEAR
DATE/ MONTH-YEAR
NAME OF BUYER, IF ANY
% STAKE DISINVESTED
AMOUNT REALISED
(
Rs.
crore)
% RESIDUAL EQUITY WITH GOVT.
DISINVESTMENT PROCEEDS RECIPIENT
1
AIR INDIA LTD.
2021-22
08/10/2021
TALACE PVT.LTD.
100.00
2700.00
0.00
GOI
2
HOTEL CORP.OF INDIA LTD.
- INDO HOKKE HOTELS LTD.RAJGIR
2001-02
NA
INPAC TRAVELS (INDIA) PVT.LTD.
100.00
6.51
0.00
AIR INDIA
3
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL HASSAN ASHOK
2001-02
NA
MALNAD HOTELS& RESORTS PVT.LTD.
89.97
2.27
0.00
GOI
4
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL BODHGAYA ASHOK
2001-02
NA
LOTUS NIKKO HOTELS
89.97
1.81
0.00
GOI
5
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL MADURAI ASHOK
2001-02
NA
SANGU CHAKRA HOTELS PVT.LTD.
89.97
4.98
0.00
GOI
6
INDIA TOURISM DEVELOPMENT CORP.LTD.
- TEMPLE BAY ASHOK BEACH RESORT, MAMALLAPURAM
2001-02
NA
G.R.THANGA MALIGAI PVT.LTD.
89.97
6.13
0.00
GOI
7
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL AGRA ASHOK
2001-02
NA
MOHAN SINGH
89.97
3.61
0.00
GOI
8
INDIA TOURISM DEVELOPMENT CORP.LTD.
- LAXMI VILAS PALACE HOTEL, UDAIPUR
2001-02
NA
BHARAT HOTELS LTD.
89.97
6.77
0.00
GOI
9
INDIA TOURISM DEVELOPMENT CORP.LTD.
- QUTAB HOTEL, NEW DELHI
2001-02
NA
CONSORTIUM OF SUSHIL GUPTA & OTHERS
89.97
34.45
0.00
GOI
10
INDIA TOURISM DEVELOPMENT CORP.LTD.
- LODHI HOTEL, NEW DELHI
2001-02
NA
SILVERLINK HOLDINGS LTD.& CONSORTIUM
89.97
71.93
0.00
GOI
11
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL AIRPORT ASHOK, KOLKATA
2002-03
NA
BRIGHT ENTERPRISES PVT.LTD.& CONSORTIUM
89.97
19.39
0.00
GOI
12
INDIA TOURISM DEVELOPMENT CORP.LTD.
- KOVALAM ASHOK BEACH RESORT
2002-03
NA
M FAR HOTELS LTD.
89.97
40.38
0.00
GOI
13
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL AURANGABAD ASHOK
2002-03
NA
LOKSANGAM HOTELS & RESORTS PVT.LTD.& CONSORTIUM
89.97
16.50
0.00
GOI
14
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL MANALI ASHOK
2002-03
NA
AUTO IMPEX LTD.
89.97
3.66
0.00
GOI
15
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL KHAJURAHO ASHOK
2002-03
NA
BHARAT HOTELS LTD.
89.97
2.19
0.00
GOI
16
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL RANJIT, NEW DELHI
2002-03
NA
CONSORTIUM OF UNISON HOTELS LTD.& FORMAX COMMERCIAL PVT.LTD.
89.97
29.28
0.00
GOI
17
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL KANISHKA, NEW DELHI
2002-03
NA
NEHRU PLACE HOTELS LTD.
89.97
92.38
0.00
GOI
18
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL INDRAPRASTHA, NEW DELHI
2002-03
NA
MORAL TRADING & INVESTMENT LTD.
89.97
43.38
0.00
GOI
19
INDIA TOURISM DEVELOPMENT CORP.LTD.
- PUNJAB HOTEL LTD.
2002-03
NA
TAJGVK HOTELS & RESORTS LTD.
100.00
17.27
0.00
CHANDIGARH ADMINISTRATION AND ITDC
20
INDIA TOURISM DEVELOPMENT CORP.LTD.
- HOTEL VARANASI ASHOK
2002-03
NA
CONSORTIUM OF RAMNATH HOTELS PVT.LTD.
89.97
8.38
0.00
GOI
21
TATA COMMUNICATIONS LTD.
2020-21
18/03/2021
PANATONE FINVEST LTD.
10.00
3389.21
0.00
GOI
TOTAL
6500.48
Slump Sale
SL. NO.
COMPANY
(NAME AS AT THE TIME OF DISINVESTMENT)
FINANCIAL YEAR
DATE/ MONTH-YEAR
NAME OF BUYER, IF ANY
% STAKE DISINVESTED
AMOUNT REALISED
(
Rs.
crore)
% RESIDUAL EQUITY WITH GOVT.
DISINVESTMENT PROCEEDS RECIPIENT
1
HOTEL CORP.OF INDIA LTD.
- CENTAUR HOTEL JUHU BEACH, MUMBAI
2001-02
NA
TULIP HOSPITALITY PVT.LTD.
100.00
153.00
0.00
AIR INDIA
2
HOTEL CORP.OF INDIA LTD.
- CENTAUR HOTEL AIRPORT, MUMBAI
2002-03
NA
BATRA HOSPITALITY PVT.LTD.
100.00
83.00
0.00
AIR INDIA
TOTAL
236.00
Initial Sale of Majority Shareholding
(with post-transaction equity of the Government becoming less than 50% and the Government losing management control)
SL. NO.
COMPANY
(NAME AS AT THE TIME OF DISINVESTMENT)
FINANCIAL YEAR
DATE/ MONTH-YEAR
NAME OF BUYER, IF ANY
% STAKE DISINVESTED
AMOUNT REALISED
(
Rs.
crore)
% RESIDUAL EQUITY WITH GOVT.
DISINVESTMENT PROCEEDS RECIPIENT
1
BHARAT ALUMINIUM CO.LTD.
2000-01
FEB-01
STERLITE INDUSTRIES (INDIA) LTD.
51.00
551.50
49.00
GOI
2
CMC LTD.
2001-02
NA
TATA CONSULTANCY SERVICES LTD.
51.00
152.00
32.31
GOI
3
HINDUSTAN TELEPRINTERS LTD.
2001-02
NA
HIMACHAL FUTURISTIC COMMUNICATION LTD.
74.00
55.00
26.00
GOI
4
HINDUSTAN ZINC LTD.
2002-03
NA
STERLITE OPPORTUNITIES & VENTURES LTD.
22.07
445.00
49.93
GOI
5
INDIAN PETROCHEMICALS CORP.LTD.
2002-03
NA
RELIANCE PETRO INVESTMENTS LTD.
26.00
1490.84
33.95
GOI
6
JESSOP & CO.LTD.
2003-04
NA
INDO WAGON ENGINEERING LTD.
72.00
18.18
27.00
BHARAT BHARI UDYOG NIGAM LTD.
7
LAGAN JUTE MACHINERY CO.LTD.,THE
2000-01
MAY-00
MURALIDHAR RATANLAL EXPORTS LTD.
74.00
2.53
26.00
BHARAT BHARI UDYOG NIGAM LTD.
8
MODERN FOOD INDUSTRIES (INDIA) LTD.
1999-00
FEB-00
HINDUSTAN LEVER LTD.
74.00
105.45
26.00
GOI
9
PARADEEP PHOSPHATES LTD.
2001-02
NA
ZUARI MAROC PHOSPHATES PVT.LTD.
74.00
151.70
26.00
GOI
10
VIDESH SANCHAR NIGAM LTD.
2001-02
FEB-02
PANATONE FINVEST LTD.(A TATA GROUP CO.)
25.00
1439.25
26.12
GOI
TOTAL
4411.45
Subsequent Sale of Minority Shareholding leading to Further Dilution
(with pre-transaction and post-transaction equity of the Government being less than 50%)
SL. NO.
COMPANY
(NAME AS AT THE TIME OF DISINVESTMENT)
FINANCIAL YEAR
DATE/ MONTH-YEAR
NAME OF BUYER, IF ANY
% STAKE DISINVESTED
AMOUNT REALISED
(
Rs.
crore)
% RESIDUAL EQUITY WITH GOVT.
DISINVESTMENT PROCEEDS RECIPIENT
1
HINDUSTAN ZINC LTD. (CALL OPTION)
2003-04
NA
STERLITE OPPORTUNITIES & VENTURES LTD.
18.92
323.88
29.55
GOI
TOTAL
323.88
Subsequent Sale of Minority Shareholding leading to Complete Privatisation
(with post-transaction equity of the Government becoming NIL)
SL. NO.
COMPANY
(NAME AS AT THE TIME OF DISINVESTMENT)
FINANCIAL YEAR
DATE/ MONTH-YEAR
NAME OF BUYER, IF ANY
% STAKE DISINVESTED
AMOUNT REALISED
(
Rs.
crore)
% RESIDUAL EQUITY WITH GOVT.
DISINVESTMENT PROCEEDS RECIPIENT
1
MODERN FOOD INDUSTRIES (INDIA) LTD. (PUT OPTION)
2002-03
NA
HINDUSTAN LEVER LTD.
26.00
44.07
0.00
GOI
TOTAL
44.07
GRAND TOTAL
11515.88