Govt likely to invite EoI for stake sale in Air India, BPCL next month
The government is likely to invite preliminary bids for stake sale in national carrier Air India and BPCL next month, according to sources.
The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
“Expression of Interest (EoI) inviting bids for stake sell in BPCL and Air India expected next month,” the sources said. They, however, added that stake sale in big assets like BPCL will take time as due diligence has to be carried out.
