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BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary
3 years, 11 months ago

BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary

The Hindu  

The initial public offering of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise ₹1.75 lakh crore from the asset sale …

Finance Spa Budget Air Disinvestment Crore Pandey
No More Extension of BPCL Privatisation Bid Deadline: DIPAM Secretary
4 years, 2 months ago

No More Extension of BPCL Privatisation Bid Deadline: DIPAM Secretary

News 18  

BPCL privatisation bid deadline will not be extended for the fifth time, as the government’s strategic disinvestment programme that was hit by the pandemic is back on track, DIPAM Secretary said Monday. I hope that further extensions may not be there, especially in BPCL where the current date is November 16.So hopefully, we will be able to move through,” Tuhin …

Bpcl Dipam Secretary Strategic Disinvestment Numaligarh Refinery Deadline Dipam Deadline Dipam Secretary
BPCL Privatisation: Govt to Provide Rules on Employee Protection, Asset Stripping Later
4 years, 4 months ago

BPCL Privatisation: Govt to Provide Rules on Employee Protection, Asset Stripping Later

News 18  

The government will provide guidance on employee protection, asset stripping and business continuity in Bharat Petroleum Corp Ltd to potential acquirers of the company only at a later stage of bidding, according to privatisation rules issued by the disinvestment department. On a query on restrictions relating to employee protection, asset stripping, business continuity and lock-in of shares, DIPAM said, “This …

India Cent Stake Qip Bpcl Qualified Consortium
Bharat Petroleum privatisation: Govt to provide rules on employee protection, asset stripping later
4 years, 4 months ago

Bharat Petroleum privatisation: Govt to provide rules on employee protection, asset stripping later

Live Mint  

The government will provide guidance on employee protection, asset stripping and business continuity in Bharat Petroleum Corp Ltd to potential acquirers of the company only at a later stage of bidding, according to privatisation rules issued by the disinvestment department. On a query on restrictions relating to employee protection, asset stripping, business continuity and lock-in of shares, DIPAM said, "This …

India Stake Qip Bpcl Employee Protection Government Stake Privatisation Govt
Qualified Interested Parties in BPCL to Take Necessary Security Clearance: DIPAM
4 years, 4 months ago

Qualified Interested Parties in BPCL to Take Necessary Security Clearance: DIPAM

News 18  

The government on Friday said interested parties that evince interest in bidding for BPCL would be required to take necessary security clearance which would be communicated to them at the Request For Proposal stage. "Necessary security clearance shall be taken as per the details and requirements communicated to the QIP at the time of RFP," the Department of Investment and …

India Interest Bpcl Security Clearance Nci Eoi Interested Parties