RECEIPTS FROM STRATEGIC SALE DURING 1999-2000 TO 2003-04 | ||
| S.No. | Name of CPSE Disinvested | Type of Disinvestment | Name of Buyer | Percentage of Equity Sold | Percentage of Residual Equity of Govt. | Amount Realised (Rs. crore) |
| 1999-00 | ||||||
| 1. | Modern Food Industries (India) Ltd. | Strategic sale | Hindustan Lever Ltd. | 74 | 26 | 105.45 |
| Sub Total | 105.45 | |||||
| 2000-01 | ||||||
| 1. | Bharat Aluminium Company Ltd. | Strategic sale | Sterlite Industries (India) Ltd. | 51 | 49 | 551.50 |
| 2. | Lagan Jute Machinery Company Ltd.^^ | Strategic sale | Murlidhar Ratanlal Exports Ltd. | 74 | 26 | 2.53 |
| Sub Total | 554.03 | |||||
| 2001-02 | ||||||
| 1. | HTL Ltd. | Strategic sale | Himachal Futuristic Communications Ltd. | 74 | 26 | 55.00 |
| 2. | CMC Ltd. | Strategic sale | Tata Sons Ltd. | 51 | 32.31 | 152.00 |
| 3. | India Tourism Development Corporation (ITDC) | |||||
| i) Hotel Hassan Ashok | Strategic sale | Malnad Hotels & Resorts(P) Ltd. | 89.97 | *2.27 | ||
| ii) Hotel Bodhgaya Ashok | Strategic sale | Lotus Nikko Hotels | 89.97 | - | 1.81 | |
| iii) Hotel Madurai Ashok | Strategic sale | Sangu Chakra Hotels Pvt. Ltd. | 89.97 | - | *4.98 | |
| iv) Temple Bay Ashok Beach Resort, Mamallapuram | Strategic sale | G.R. Thanga Maligai(P) Ltd. | 89.97 | - | 6.13 | |
| v) Hotel Agra Ashok | Strategic sale | Mohan Singh | 89.97 | - | *3.61 | |
| vi) Laxmi Vilas Palace Hotel, Udaipur | Strategic sale | Bharat Hotels Ltd. | 89.97 | - | 6.77 | |
| vii) Qutab Hotel, New Delhi | Strategic sale | Consortium of Sushil Gupta and Others | 89.97 | - | *34.45 | |
| viii) Lodhi Hotel, New Delhi | Strategic sale | Silverlink Holdings Ltd. & Consortium | 89.97 | - | *71.93 | |
| 4 | IBP Ltd. | Strategic sale | Indian Oil Corpn. | 33.58 | 26 | 1,153.68 |
| 5 | Videsh Sanchar Nigam Ltd. | Strategic sale | Panatone Finvest Ltd. (a Tata Group Co.) | 25 | 27.97 | 1439.25 |
| 6 | Paradeep Phosphates Ltd. | Strategic sale | Zuari Maroc Phosphates Pvt Ltd. | 74 | 26 | 151.70 |
| 7 | HCI# -Indo Hokke Hotels Ltd., Rajgir | Strategic sale | Inpac Travels (India) Pvt. Ltd. | 100 | -- | #6.51 |
| Sub Total | 3,090.09 | |||||
| 2002-03 | ||||||
| 1 | Hindustan Zinc Ltd. | Strategic sale | Sterlite Opportunities & Ventures Ltd. | 26 | 49.92 | 445.00 |
| 2 | Indian Petrochemicals Corporation Ltd. | Strategic sale | Reliance Petro Investments Ltd | 26 | 33.95 | 1,490.84 |
| 3 | ITDC | |||||
| i) Hotel Airport Ashok, Kolkata | Strategic sale | Bright Enterprises (P) Ltd. & Consortium | 89.97 | - | *19.39 | |
| ii) Kovalam Ashok Beach Resort | Strategic sale | M Far Hotels Limited | 89.97 | - | *40.38 | |
| iii) Hotel Aurangabad Ashok | Strategic sale | Loksangam Hotels & Resorts Pvt. Ltd & Consortium | 89.97 | - | *16.50 | |
| iv) Hotel Manali Ashok | Strategic sale | Auto Impex Limited | 89.97 | - | *3.66 | |
| v) Hotel Khajuraho Ashok | Strategic sale | Bharat Hotels Ltd. | 89.97 | - | *2.19 | |
| vi) Hotel Varanasi Ashok | Strategic sale | Consortium of Ramnath Hotels(P) | 89.97 | - | *8.38 | |
| vii) Hotel Ranjit, New Delhi | Strategic sale | Consortium of Unison Hotels Ltd. & Formax Commercial Pvt. Ltd. | 89.97 | - | *29.28 | |
| viii) Hotel Kanishka, New Delhi | Strategic sale | Nehru Place Hotels Ltd. | 89.97 | - | *92.38 | |
| ix) Hotel Indraprastha, New Delhi | Strategic sale | Moral Trading & Investment Ltd. | 89.97 | - | *43.38 | |
| x) Chandigarh project of Punjab Hotels Limited | Strategic sale | TAJGVK Hotels & Resorts Ltd. | 100 | - | **17.27 | |
| 4. | Modern Foods Industries (India) Ltd. | Sale of residual shares to SP (Put Option by GoI) | Hindustan Lever Ltd. | 25.995 | 44.07 | |
| Sub Total | 2,252.72 | |||||
| 2003-04 | ||||||
| 1. | Hindustan Zinc Ltd. | Call Option by SP | Sterlite Opportunities & Ventures Ltd. | 18.92 | 29.53 | 323.88 |
| 2. | Jessop& Co. Ltd^^ | Strategic sale | Indo Wagon Engineering Ltd. | 72 | 27 | ^^18.18 |
| Sub Total | 342.06 | |||||
| Grand Total | 6,344.35 | |||||
| Note: | #Proceeds went to Air India, the holding company. ^^ amount received by BBUNL, the holding company. * Inclusive of payments to GOI and statutory authorities and other payments. ** Proceeds went to Chandigarh Administration and ITDC, the holding company. |