(PTI)
The government will come out with the expression of Interest (EoI) inviting bidders for privatization of BPCL within few days, a senior official said on February 2.The Cabinet in November had cleared strategic sale of oil marketing and refining firm Bharat Petroleum Corp Ltd (BPCL). The government currently holds 53.29 per cent stake in the company, and at prevailing market prices the share sale would fetch about Rs 60,000 crore to the government.
The Investor roadshows for BPCL sale was conducted in December in the US, London and Dubai. “We have got quite a good response (BPCL roadshow). We will come out with EoI very soon and then investors can engage with us through the formal process. The BPCL EoI will be issued within few days,” DIPAM Secretary Tuhin Kanta Pandey said.
