Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the government would wrap up the sale of Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020, according to a news report in The Times of India.
Sitharaman also said there is a “lot of interest” among investors about the sale of Air India as seen in the international roadshows carried out by the Government.
“We are moving on both with the expectation that we can complete them this year. The ground realities will play out,” Sitharaman told the Times of India.
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year.
