New Delhi: 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 NSE 1.73 %. 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.”
