Govt ring fences Air India, BPCL, BEML from investors with China, Pak link
The department has laid out norms for Qualified Institutional Party (QIP) intending to form a special purpose vehicle after the financial bid as well as companies, limited liability partnerships (LLPs), funds and individuals having stake in the bidding entity
Ashutosh Kumar | February 17, 2021 | Updated 21:33 IST
Union Finance Minister Nirmala Sitharaman
In a move to ensure that no entity with Chinese, Pakistani antecedent gains entry into the strategic disinvestment process of Air India, Bharat Petroleum Corporation Ltd (BPCL) and Bharat Earth Movers Ltd (BEML), the Department of Investment and Public Asset Management (DIPAM), under the Ministry of Finance, has come out with measures to ring fence the government s mega privatisation plans.