BPCL privatisation: Govt rules on worker protection, asset stripping later

The federal government will give assistance on personnel security, asset stripping and company continuity in Bharat Petroleum Corp Ltd (BPCL) to likely acquirers of the organization only at a later on stage of bidding, according to privatisation rules issued by the disinvestment division.

The federal government is advertising its full fifty two.ninety eight per cent stake in India’s 2nd-premier gas retailer and third-major oil refiner.

Preliminary expressions of fascination or EoIs are thanks on September 30, which will be adopted by qualified bidders being asked to post money or rate bids.

The Office of Investment and General public Asset Management (DIPAM), erstwhile identified as Office of Disinvestment, has issued clarifications on queries raised by likely bidders for the federal government stake in BPCL.

On a question on limits relating to personnel security, asset stripping, company continuity and lock-in of shares, DIPAM stated, “This info shall be furnished to theQualified Intrigued

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