Several privatisation transactions in an advanced stage: DIPAM Secretary : Rashtra News #privatisation #transactions #advanced #stage #DIPAM #Secretary Speaking at a webinar organized by the Merchants Chamber of Commerce and Industry (MCCI), Pandey said that the government has recently privatised successfully two organisations, Air India and Neelachal Ispat Nigam Limited (NINL) to strategic partners. He
Air India, BPCL disinvestment hits COVID, oil price hurdles
Centre had planned a disinvestment mop-up of Rs 2.1 lakh crore this fiscal, by selling stake in several public sector enterprises, but the plans have been stalled due to several factors
Nevin John | January 20, 2021 | Updated 23:53 IST
The coronavirus pandemic and crash of crude prices have considerably delayed the disinvestment plan of the government that targeted to raise about Rs 2.1 lakh crore in this financial year. Though Vedanta group and two American funds - Apollo Global and I Squared Capital - submitted expressions of interest (EoIs) for Bharat Petroleum Corporation (BPCL), the largest of the disinvestments this year, the government has not been able to conclude the deal as targeted earlier. The financial bid for India s second-largest fuel retailer is yet to take place. Because of the delay on part of government bodies, it is not clear whether the BPCL disinvestment can be concluded in this financial year, sai