The process to privatise Bharat Petroleum Corporation Ltd. has moved forward with several domestic and international investors showing interest to acquire the oil refiner, according to the government.
Multiple Expressions of Interest (EoIs) for the divestment of BPCL were received by the transaction adviser, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey wrote on Twitter. Bids have been received from global as well as local players for the proposed stake sale, Pandey told Bloomberg in an interview.
The deadline for submitting the EoIs was today.
“The transaction will move to the second stage after scrutiny by the transaction adviser,” the secretary wrote on twitter.
As per the process, the EoIs submitted will be evaluated on the criteria provided in the Preliminary Information Memorandum. For submitting the EoI, as well as qualifying for the…
