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Disinvestment in India Methods , Procedures and Problems
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],Less than 51%
 
[object Object],[object Object],[object Object],[object Object]
Industries reserved for PSU’s since December 2002 ,[object Object],[object Object],[object Object]
Government Policies on Disinvestment ,[object Object],[object Object],[object Object],[object Object],[object Object]
Methods of Disinvestment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Other Methods ,[object Object],[object Object],[object Object],[object Object],[object Object]
DISINVESTMENT PROCESS 2-3 months 3-6 months 1 week Selection of PSU by MODI Approval by CCD Formation of IMG & Selection of Global Advisors Submission of Expression of Interest Submission of Initial Technical Proposal Due Diligence / Commercial negotiations Finalise Shareholders Agreement (SHA) & Share Purchase Agreement (SPA) Financial bids Selection of strategic partner & signing  of SHA & SPA
Three Methods of valuation ,[object Object],[object Object],[object Object]
Problems in Disinvestment process ,[object Object],[object Object],[object Object]
Reasons for Slow Progress ,[object Object],[object Object],[object Object],[object Object]
[object Object]
BALCO’s Disinvestment ,[object Object],[object Object],[object Object],[object Object]
Fact File Top line 898 Cr. PAT 56 Cr. HC 7500 Sale of 51% stake in Balco (Management Control) Mines
Case for Disinvestment ,[object Object],[object Object],[object Object],[object Object]
Bidders for Strategic Stake ,[object Object],[object Object],[object Object]
Valuation Conundrum ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Analysis Paralysis
The Verdict ,[object Object]
Post Sell Out Drama ,[object Object],[object Object],[object Object],[object Object]
Post Sell out Drama ,[object Object],[object Object],[object Object],[object Object]
SUGGESTIONS AND REMARKS
[object Object],[object Object],[object Object],[object Object],[object Object]
 

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Disinvestment in India- Process & Methods

  • 1. Disinvestment in India Methods , Procedures and Problems
  • 2.
  • 3.
  • 4.  
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. DISINVESTMENT PROCESS 2-3 months 3-6 months 1 week Selection of PSU by MODI Approval by CCD Formation of IMG & Selection of Global Advisors Submission of Expression of Interest Submission of Initial Technical Proposal Due Diligence / Commercial negotiations Finalise Shareholders Agreement (SHA) & Share Purchase Agreement (SPA) Financial bids Selection of strategic partner & signing of SHA & SPA
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. Fact File Top line 898 Cr. PAT 56 Cr. HC 7500 Sale of 51% stake in Balco (Management Control) Mines
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 25.
  • 26.