DIPAM

The Department of Disinvestment has been renamed as Department of Investment and Public Asset Management (DIPAM).  Aim of the renamed department is proper management of Central government’s investments in equity and also its disinvestment proceeds in central public sector undertakings (PSUs).  DIPAM will work under Union Finance Ministry.

Functions:

• It has been mandated to advise the Union Government in the matters of financial restructuring of PSUs and also for attracting investment through capital markets.
• It will deal with all matters relating to sale of Union Government’s equity through private placement or offer for sale or any other mode in the erstwhile Central PSUs.
• Post disinvestment matters will continue to be handled by the Union Finance Ministry or concerned department in consultation with DIPAM on necessity.

Comprehensive approach will be adopted for efficient management of government investment in Central PSUs by addressing issues such as capital restructuring, bonus shares, dividend etc.