Raymond board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business for improving synergies and exploring monetisation options for deleveraging the company.
The overall objective being value creation for shareholders. The engineering business has achieved scale and improved market share in both domestic and global markets. These businesses have demonstrated growth in EBITDA margins, generated free cash flows and are debt-free.
Raymond is expected to achieve high growth momentum in real estate business, the board has also in principle approved the conversion of the real estate division into a wholly-owned subsidiary.
The companys real estate business, which was launched in 2019 and started development of land in Thane, is now poised for growth with a focus on delivering value-based offerings. The division will deliver around 3 million sq ft of residential projects and we have already achieved sales of over 70 per cent of launched inventory of about 2 million sq ft. The real estate division is a sustainable profitable business led by experienced professional team with a clear long term strategy in place. Real estate business now plans to capitalise on its strengths by extending beyond Thane.
With a focus on speeding up recovery post-pandemic, Raymond will consolidate its B2C business by transferring the apparel business to the flagship company Raymond. This move will strengthen efficiencies, streamline and simplify processes and bring in synergy benefits in terms of design and innovation, sourcing and retail network.
In order to enable and execute the above decisions, the company has withdrawn the de-merger scheme of Lifestyle business announced in November, 2019. These actions will enable each of the businesses for monetization which will fuel growth and deleveraging.
The overall objective being value creation for shareholders. The engineering business has achieved scale and improved market share in both domestic and global markets. These businesses have demonstrated growth in EBITDA margins, generated free cash flows and are debt-free.
Raymond is expected to achieve high growth momentum in real estate business, the board has also in principle approved the conversion of the real estate division into a wholly-owned subsidiary.
The companys real estate business, which was launched in 2019 and started development of land in Thane, is now poised for growth with a focus on delivering value-based offerings. The division will deliver around 3 million sq ft of residential projects and we have already achieved sales of over 70 per cent of launched inventory of about 2 million sq ft. The real estate division is a sustainable profitable business led by experienced professional team with a clear long term strategy in place. Real estate business now plans to capitalise on its strengths by extending beyond Thane.
With a focus on speeding up recovery post-pandemic, Raymond will consolidate its B2C business by transferring the apparel business to the flagship company Raymond. This move will strengthen efficiencies, streamline and simplify processes and bring in synergy benefits in terms of design and innovation, sourcing and retail network.
In order to enable and execute the above decisions, the company has withdrawn the de-merger scheme of Lifestyle business announced in November, 2019. These actions will enable each of the businesses for monetization which will fuel growth and deleveraging.
*Market kya lagta hain @ 7.30 am – Wednesday, September 29th 2021.*
*SGX Nifty (-98, 17627)*
*What to do when investment life is out of control?*
Honestly speaking, *when an investment life is spiraling out of control usually it’s seen that perma-bulls go down with it in order for things to spiral right back into place.*
Well, *the conventional wisdom says if it’s bad now and if it’s going to be worse in the very near future then look for the window of opportunity to tamp it down.*
*Technically speaking,* the make-or-break intraday support levels on Nifty are placed at 17557 mark. We suspect, *bears are likely to come back with vengeance if Nifty is unable to sustain above 17557 levels.* Expect waterfall of selling below Nifty 17557 mark with downside risk at 17327 mark and then aggressive targets at 17011 mark.
*Makes sense to act fast…*
*Long story short:* The line in the is at Nifty’s biggest support at 17557.
*And if you are from bears camp then the gyan mantra is to sell something!*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*SGX Nifty (-98, 17627)*
*What to do when investment life is out of control?*
Honestly speaking, *when an investment life is spiraling out of control usually it’s seen that perma-bulls go down with it in order for things to spiral right back into place.*
Well, *the conventional wisdom says if it’s bad now and if it’s going to be worse in the very near future then look for the window of opportunity to tamp it down.*
*Technically speaking,* the make-or-break intraday support levels on Nifty are placed at 17557 mark. We suspect, *bears are likely to come back with vengeance if Nifty is unable to sustain above 17557 levels.* Expect waterfall of selling below Nifty 17557 mark with downside risk at 17327 mark and then aggressive targets at 17011 mark.
*Makes sense to act fast…*
*Long story short:* The line in the is at Nifty’s biggest support at 17557.
*And if you are from bears camp then the gyan mantra is to sell something!*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
While infrastructure in Mumbai and Delhi is ‘relatively better’, Mr. Sanyal said *the next generation of reforms must focus on intra-city infrastructure and better municipal services like garbage collection.* https://www.thehindu.com/business/Economy/double-digit-growth-likely-till-2023-says-principal-economic-advisor/article36723463.ece 👉 *ANTONY WASTE HANDLING CELL* 👀
The Hindu
Double digit growth likely till 2022-23, says Principal Economic Advisor
Sanjeev Sanyal makes strong pitch for better urban governance, infrastructure.
*SGX Nfty - 90 pts (17641) from last trade 17731 ,*
Nikkei -725 pts ,
Hangseng -224 pts ,
Now @7.00am .
Dow -569.38 pts ,Nsdq -423.29 pts, S&P
-90.48 pts,, Bovespa -3459 pts , Ftse -35 pts , Dax -325 pts , Cac -144 pts , Crude @ $74.68 brl (-0.61), Brent @ $78.46 brl (-0.60) , Gold @ 1735.20 (-2.10), Silver @ $22.505 (-0.04), Euro @ $1.1679, JPY @ $111.63, INR @ 74.195
*Today's Corporate Action*
*29th Sep Ex Date*
ECLERX
Buy Back of Shares
GKP
Bonus issue 1:1
*Today's Key Results/Board Meetings*
*29-Sep-21*
EIS
Voluntary Delisting of Shares
GOKULAGRO
Preferential Issue of shares
INDOWIND
Right Issue of Equity Shares
JAYATMA
General;Scheme of Arrangement
KINGSINFR
General
PANTH
General
PBAINFRA
General
SHABCHM
A.G.M.
SINDHUTRAD
Quarterly Results
TECHNOFAB
Quarterly Results
*Stock under F&O ban on NSE*
*29-Sep-21*
1IDEA
2SAIL
3SUNTV
4ZEEL
Nikkei -725 pts ,
Hangseng -224 pts ,
Now @7.00am .
Dow -569.38 pts ,Nsdq -423.29 pts, S&P
-90.48 pts,, Bovespa -3459 pts , Ftse -35 pts , Dax -325 pts , Cac -144 pts , Crude @ $74.68 brl (-0.61), Brent @ $78.46 brl (-0.60) , Gold @ 1735.20 (-2.10), Silver @ $22.505 (-0.04), Euro @ $1.1679, JPY @ $111.63, INR @ 74.195
*Today's Corporate Action*
*29th Sep Ex Date*
ECLERX
Buy Back of Shares
GKP
Bonus issue 1:1
*Today's Key Results/Board Meetings*
*29-Sep-21*
EIS
Voluntary Delisting of Shares
GOKULAGRO
Preferential Issue of shares
INDOWIND
Right Issue of Equity Shares
JAYATMA
General;Scheme of Arrangement
KINGSINFR
General
PANTH
General
PBAINFRA
General
SHABCHM
A.G.M.
SINDHUTRAD
Quarterly Results
TECHNOFAB
Quarterly Results
*Stock under F&O ban on NSE*
*29-Sep-21*
1IDEA
2SAIL
3SUNTV
4ZEEL
October 18 likely date when US debt measures may get exhausted, warns Treasury Secretary Janet Yellen - https://www.moneycontrol.com/news/world/october-18-likely-date-when-us-debt-measures-exhausted-warns-treasury-secretary-janet-yellen-7519691.html
Moneycontrol
October 18 Likely Date When US Debt Measures May Get Exhausted, Warns Treasury Secretary Janet Yellen
As she has done in the past, Yellen urged Congress to “protect the full faith and credit of the United States by acting as soon as possible” to either raise the debt limit or suspend it.
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 29, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_Uee2P4xcS9mzDdq9y4fqmA
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 29, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_Uee2P4xcS9mzDdq9y4fqmA
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
Bulk Deal as on 28-09-21
AWHCL
- 36.12 Lk @ 353.21 GUILDFORD (MAURITIUS) LIMITED
- 16.23 Lk @ 358.2 CAMBRIDGE (MAURITIUS) LIMITED
+ 5 Lk @ 367.75 Authum Investment & Infrastructure Ltd
+ 2.75 Lk @ 361.68 Tata AIG general insurance company Ltd
+ 2 Lk @ 369.01 Winro Commercial India Ltd
Axis Bank
+ 34 Lk @ 789 Societe Generale
- 34 Lk @ 789 UBS Principal Capital Asia Ltd
Bhageria Ind
- 2.59 Lk @ 259.35 Bodal Chemical Ltd
Consolidated Finvest
+ 5.26 Lk @ 143.91 Manju Bhalotia
Industrial Invt Trust
+ 5.31 Lk @ 68.2 Systematix Shares & Stocks Ltd
- 5.31 Lk @ 68.2 Conlecta Capital Advisors Pvt Ltd
JTLINFRA
- 56 K @ 889.15 DUGAR GROWTH FUND PRIVATE LIMITED
McLeod Russel India
- 50 Lk @ 31.15 IndusInd Bank Ltd Client Alc
- 10 Lk @ 31.15 Jaikarni Holdings Pvt Ltd
+ 40 Lk @ 31.11 Kavita Khaithan
WEBELSOLAR
- 10.38 Lk @ 67.8 INDIA MAX INESTMENT FUND
- 3.88 Lk @ 68.4 Antara India Evergreen Fund Ltd
AWHCL
- 36.12 Lk @ 353.21 GUILDFORD (MAURITIUS) LIMITED
- 16.23 Lk @ 358.2 CAMBRIDGE (MAURITIUS) LIMITED
+ 5 Lk @ 367.75 Authum Investment & Infrastructure Ltd
+ 2.75 Lk @ 361.68 Tata AIG general insurance company Ltd
+ 2 Lk @ 369.01 Winro Commercial India Ltd
Axis Bank
+ 34 Lk @ 789 Societe Generale
- 34 Lk @ 789 UBS Principal Capital Asia Ltd
Bhageria Ind
- 2.59 Lk @ 259.35 Bodal Chemical Ltd
Consolidated Finvest
+ 5.26 Lk @ 143.91 Manju Bhalotia
Industrial Invt Trust
+ 5.31 Lk @ 68.2 Systematix Shares & Stocks Ltd
- 5.31 Lk @ 68.2 Conlecta Capital Advisors Pvt Ltd
JTLINFRA
- 56 K @ 889.15 DUGAR GROWTH FUND PRIVATE LIMITED
McLeod Russel India
- 50 Lk @ 31.15 IndusInd Bank Ltd Client Alc
- 10 Lk @ 31.15 Jaikarni Holdings Pvt Ltd
+ 40 Lk @ 31.11 Kavita Khaithan
WEBELSOLAR
- 10.38 Lk @ 67.8 INDIA MAX INESTMENT FUND
- 3.88 Lk @ 68.4 Antara India Evergreen Fund Ltd
Pledge Share Detail
Ajanta Pharma: Promoter Ravi Agrawal created a pledge of 4.20 lakh shares on September 27.
Ajanta Pharma: Promoter Ravi Agrawal created a pledge of 4.20 lakh shares on September 27.
Stocks To Watch
HDFC Asset Management Company: Promoter Standard Life Investment seeks up to $411 million from HDFC AMC share sale, according to terms of the deal. The promoter is offering 1.06 crore shares in HDFC AMC in an accelerated placement. The floor price has been fixed at Rs 2,870, which is at a discount of 6.68% to Tuesday’s closing price.
Mahindra & Mahindra: The company is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, according to a Bloomberg report.
Lupin: The company has launched Droxidopa Capsules in the United States. Droxidopa Capsules is a generic equivalent of Northera Capsules of Lundbeck NA Ltd., indicated for the treatment of orthostatic dizziness and light-headedness in adult patients.
Future Group stocks: The NCLT, Mumbai bench has passed an order allowing the group to hold meetings of shareholders and creditors to seek approval for the scheme of arrangement. The scheme has been proposed between 20 Future Group entities, including 6 listed companies, with Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle. The NCLT has also rejected
the intervention application filed by Amazon.
Bharti Airtel: CRISIL Ratings has upgraded its long-term rating on the bank facilities and debt programme of Bharti Airtel to AA+/Stable from AA/Stable and has reaffirmed the A1+ rating on the commercial paper programme.
Allcargo Logistics: Allcargo Belgium NV, a wholly owned subsidiary of the company, has appointed Jefferies Financial as investment banker to evaluate fund raising opportunities for private equity and strategic investment in ECU Worldwide.
HDFC Asset Management Company: Promoter Standard Life Investment seeks up to $411 million from HDFC AMC share sale, according to terms of the deal. The promoter is offering 1.06 crore shares in HDFC AMC in an accelerated placement. The floor price has been fixed at Rs 2,870, which is at a discount of 6.68% to Tuesday’s closing price.
Mahindra & Mahindra: The company is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, according to a Bloomberg report.
Lupin: The company has launched Droxidopa Capsules in the United States. Droxidopa Capsules is a generic equivalent of Northera Capsules of Lundbeck NA Ltd., indicated for the treatment of orthostatic dizziness and light-headedness in adult patients.
Future Group stocks: The NCLT, Mumbai bench has passed an order allowing the group to hold meetings of shareholders and creditors to seek approval for the scheme of arrangement. The scheme has been proposed between 20 Future Group entities, including 6 listed companies, with Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle. The NCLT has also rejected
the intervention application filed by Amazon.
Bharti Airtel: CRISIL Ratings has upgraded its long-term rating on the bank facilities and debt programme of Bharti Airtel to AA+/Stable from AA/Stable and has reaffirmed the A1+ rating on the commercial paper programme.
Allcargo Logistics: Allcargo Belgium NV, a wholly owned subsidiary of the company, has appointed Jefferies Financial as investment banker to evaluate fund raising opportunities for private equity and strategic investment in ECU Worldwide.
World Markets
Dow - 569
Nasdaq - 423
Dax - 325
Nikkei - 730
Hangseng - 389
Sgxnifty - 100 (17631)
Brent Crude 77.58
Dow Fut + 86
Dollar Index 93.76
Dow - 569
Nasdaq - 423
Dax - 325
Nikkei - 730
Hangseng - 389
Sgxnifty - 100 (17631)
Brent Crude 77.58
Dow Fut + 86
Dollar Index 93.76
Who’s Meeting Whom
Gokaldas Exports: To meet HDFC Mutual Fund on September 29.
Nuvoco Vistas Corporation: To meet Torq Capital Management on September 29.
Gokaldas Exports: To meet HDFC Mutual Fund on September 29.
Nuvoco Vistas Corporation: To meet Torq Capital Management on September 29.
Trading Tweaks
Ex-Date Buyback: eClerx Services
Record Date Final And Special Dividend: Bajaj Healthcare
Record Date Stock Split: Bajaj Healthcare
Record Date Interim Dividend: Bajaj Holdings & Investment
Move Into Short-Term ASM Framework: Marathon Nextgen Realty, Genesys International Corporation, Chalet Hotels, Gujarat Alkalies and Chemicals, Oberoi Realty, EIH
Ex-Date Buyback: eClerx Services
Record Date Final And Special Dividend: Bajaj Healthcare
Record Date Stock Split: Bajaj Healthcare
Record Date Interim Dividend: Bajaj Holdings & Investment
Move Into Short-Term ASM Framework: Marathon Nextgen Realty, Genesys International Corporation, Chalet Hotels, Gujarat Alkalies and Chemicals, Oberoi Realty, EIH
Insider Trades
Brigade Enterprises: Promoter MR GURUMURTHY sold 1.15 lakh shares between September 24-27.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 68,787 shares between September 22-24.
PSP Projects: Promoter Shilpaben Patel sold 15.50 lakh shares on September 27.
Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 15,000 shares on September 23.
Sutlej Textiles & Industries: Promoter Shekhar Family Trust bought 1 lakh shares between September 23-24.
Brigade Enterprises: Promoter MR GURUMURTHY sold 1.15 lakh shares between September 24-27.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 68,787 shares between September 22-24.
PSP Projects: Promoter Shilpaben Patel sold 15.50 lakh shares on September 27.
Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 15,000 shares on September 23.
Sutlej Textiles & Industries: Promoter Shekhar Family Trust bought 1 lakh shares between September 23-24.
Money Market Update
The rupee ended at 74.04 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.84.
The rupee ended at 74.04 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.84.
GM jsk stock in news sunpharma,tcs, lupin,infosys,indigo,igl,gallantuspat,nbcc,allcargo, Shreyas shipping,bhel,lntinfo,abcapital, HPCL,irctc. Negative stock maxhealth,hdfc,indusindbk. Nifty range 17550-17800.
*Morning Action @ 7am – Wednesday, September 29th 2021.*
*In early action, U.S Interest Rate Moves, Debt Worries Roils SGX Nifty.*
*7 AM GLOBAL UPDATE:*
# SGX Nifty (-65, 17659)
# Dow (-569, 34300)
# Nasdaq (-423, 14547)
# Bovespa (-3459, 110124)
# Nikkei (-547, 29637)
# Hang Seng (-224, 24276)
*The Dow declined 1.6% to 34,299, the S&P 500 fell 2.0% to 4,352, and the Nasdaq dipped 2.8% to 14,546.*
*MARKET TRENDS:*
# Global: Negative
# FII: Negative (-1958 Cr)
# DII: Neutral (+161 Cr)
# F&O: 17500-18000 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Overbought
# Outlook: Profit booking.
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17749):*
# SUPPORT: 17576/17011
# RESISTANCE: 17827/18101
# RANGE: 17301-17801
# BIAS: Negative.
*BANK NIFTY (CMP 37945):*
# SUPPORT: 37033/36211
# RESISTANCE: 38377/38751
# RANGE: 36251-38251
# BIAS: Negative.
*NEED TO KNOW:*
SGX Nifty is seen tumbling this morning amidst another surge in U.S Treasury yields and signs of trouble in Washington. On the latter front, Senate Republicans have blocked a bill that would raise the debt limit and avoid a government shutdown; Treasury Secretary Janet Yellen warned that the U.S. Treasury would run out of money by Oct. 18.
*Well, a perfect storm is brewing at Dalal Street also on backdrop of:*
1. Soaring oil prices.
2. Power outages witnessed in China threatening to slow down global economic growth.
3. Powell admits inflation may last longer.
4. The Fed could announce a sooner-than-expected rate.
5. Overbought technical conditions.
6. Negative cues from Wall Street.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*In early action, U.S Interest Rate Moves, Debt Worries Roils SGX Nifty.*
*7 AM GLOBAL UPDATE:*
# SGX Nifty (-65, 17659)
# Dow (-569, 34300)
# Nasdaq (-423, 14547)
# Bovespa (-3459, 110124)
# Nikkei (-547, 29637)
# Hang Seng (-224, 24276)
*The Dow declined 1.6% to 34,299, the S&P 500 fell 2.0% to 4,352, and the Nasdaq dipped 2.8% to 14,546.*
*MARKET TRENDS:*
# Global: Negative
# FII: Negative (-1958 Cr)
# DII: Neutral (+161 Cr)
# F&O: 17500-18000 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Overbought
# Outlook: Profit booking.
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17749):*
# SUPPORT: 17576/17011
# RESISTANCE: 17827/18101
# RANGE: 17301-17801
# BIAS: Negative.
*BANK NIFTY (CMP 37945):*
# SUPPORT: 37033/36211
# RESISTANCE: 38377/38751
# RANGE: 36251-38251
# BIAS: Negative.
*NEED TO KNOW:*
SGX Nifty is seen tumbling this morning amidst another surge in U.S Treasury yields and signs of trouble in Washington. On the latter front, Senate Republicans have blocked a bill that would raise the debt limit and avoid a government shutdown; Treasury Secretary Janet Yellen warned that the U.S. Treasury would run out of money by Oct. 18.
*Well, a perfect storm is brewing at Dalal Street also on backdrop of:*
1. Soaring oil prices.
2. Power outages witnessed in China threatening to slow down global economic growth.
3. Powell admits inflation may last longer.
4. The Fed could announce a sooner-than-expected rate.
5. Overbought technical conditions.
6. Negative cues from Wall Street.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
📍📊 *Pre-Market Derivatives and Technical Set-up* 🌎✔️
◆
◆
Nifty index opened positive but failed to hold above 17900 zones and cascaded down to 17567 levels. However it recovered well by around 200 points with the support of 17580 but finally closed with losses of around 120 points. It formed a Bearish candle on daily scale with longer lower shadow indicating declines are being bought
◆ Now it has to continue to hold above 17777 zones, for an up move towards 17900 and 18000 zones whereas support is placed at 17650 and 17580 zones
◆ India VIX moved up by 2.67% from 18.05 to 18.53 levels. Spurt in India VIX is giving a volatile swing and now it has to cool down below 15-14 zones to continue the smooth ride of the market
◆ On Option front, Maximum Put OI is at 17000 followed by 17500 strike while maximum Call OI is at 18000 followed by 18500 strike. Call writing is seen at 17800 then 17900 strike while Put writing is seen at 17500 then 17200 strike. Option data suggests a trading range in between 17600 to 18000 zones
◆ Bank Nifty opened positive and went on to touch its record high levels at 38377 levels but profit booking decline was witnessed and it sunk to 37315 levels. It formed a Bearish candle with long lower shadow on daily scale and continues forming higher highs from the last four sessions but breached its previous day’s low
◆ Now it has to continue to hold above 37850 to witness an up move towards 38300 and 38500 levels while on the downside major support is seen at 37500 and 37300 levels
◆ Bullish setup in BHEL, PFC, REC Ltd, Hpcl, Powergrid, Coal India, NTPC, IOC, Gail, BEL, Escorts, IEX, Sunpharma, Titan, Kotak Bank, Naukri and Reliance
◆ Bearish setup in Metropolis, Lalpathlabs, Techm, LTI, Apollo Hospital, Divislabs, Cholafin, MFSL, Infy, Hcltech, Havells and Wipro
Exclusive: Bharat Petroleum privatisation, LIC IPO to be completed in Q4FY22: Chief Economic Advisor
https://www.moneycontrol.com/news/business/economy/exclusive-bharat-petroleum-privatisation-lic-ipo-to-be-completed-in-q4fy22-chief-economic-advisor-7518781.html/amp
https://www.moneycontrol.com/news/business/economy/exclusive-bharat-petroleum-privatisation-lic-ipo-to-be-completed-in-q4fy22-chief-economic-advisor-7518781.html/amp
Moneycontrol
Exclusive: Bharat Petroleum Privatisation, LIC IPO To Be Completed In Q4FY22: Chief Economic Advisor
Subramanian said that Air India’s privatisation is in an advanced stage, and that the government was confident of meeting the FY22 divestment target of Rs 1.75 lakh crore.