The government has received three preliminary bids for buying of controlling stake in India’s second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday.
Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government’s 52.98 per cent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.
“Lot of interest is there,” Pradhan said at a webinar series on ‘The Road To Atmanirbhar Bharat’ organised by Swarajya Magazine. “DIPAM has recently informed market… I think three parties have given EoI for the bidding process.”
