Divestment

RECENT NEWS
The Australian  Nov 6  Comment 
FLINDERS Mines has flagged spinning off the company’s non iron ore assets into a new company to list on the ASX.
The Economic Times  Nov 5  Comment 
Prime Minister Manmohan Singh on Thursday put an end to dilly-dallying on divestment in public sector companies by approving a plan to part sell shares in them.
The Economic Times  Oct 30  Comment 
Disinvestment has made a strong come back with the markets wit-Dnessing a marked improvement.
The Economic Times  Oct 29  Comment 
The benchmark indices Nifty and Sensex is up 100% since low of March 2009 and is now up 92% over the trailing 12-months.
Upstream Online  Oct 20  Comment 
Sterling Energy is poised to sell its US business to a non-US buyer for an initial $90 million with further possible payments depending on oil and gas prices during the next three years.
The Economic Times  Oct 20  Comment 
Authorities in hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL) said disinvestment will help in branding and creating identity of the company.
The Times of India  Oct 19  Comment 
After the disinvestment, the government’s current holding in NTPC will come down to 84.5% from 89.5%, at present.
New York Times  Oct 12  Comment 
Barclays is planning to spin off a 4 billion pound portfolio of complex credit assets as it presses ahead with a process to clean up its balance sheet, The Financial Times said Monday.
The Times of India  Oct 8  Comment 
The meeting of the Cabinet’s economic panel scheduled to take up proposals for giving a big push to disinvesment was put off on Thursday.
Finance Asia  Oct 7  Comment 
The Singapore property group will list its Asian shopping mall business and offer investors a direct share through an IPO.
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Divestment is the reduction of an asset held by a company. Often divesment is used as a means to grow financially in which a company sells off a business unit in order to focus their resources on a market it judges to have more growth or profit potential. Sometimes, divestment is used to create a spin-off, in which one division of the original company becomes an indepedent firm or a subsidiary of the parent company.

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