The government is targeting to conclude the privatisation of BPCL in the first quarter of next fiscal year (Q1FY22), said Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey (pictured) on Thursday.
The disinvestment process is at the due diligence stage, Pandey said at the Aditya Birla Sun Life Mutual Fund’s annual investment conclave Voyage. Under this stage, bids are being evaluated after which a share purchase agreement would be signed with the selected bidder.
