{"id":384535,"date":"2020-11-17T11:55:50","date_gmt":"2020-11-17T06:25:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384535"},"modified":"2020-11-17T13:07:41","modified_gmt":"2020-11-17T07:37:41","slug":"bpcl-privatisation-gets-multiple-bids-reliance-skips-no-supermajor-in-race-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-privatisation-gets-multiple-bids-reliance-skips-no-supermajor-in-race-2\/","title":{"rendered":"BPCL privatisation gets multiple bids; Reliance skips, no supermajor in race"},"content":{"rendered":"<p>The Government on Monday received \u2018multiple\u2019 bids for buying out its stake in India\u2019s second-biggest fuel retailer BPCL but billionaire Mukesh Ambani\u2019s Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid. <\/p>\n<p>Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), which is handling the sale, tweeted that the transaction advisors for the sale of government\u2019s 52.98 per cent stake in Bharat Petroleum Corp Ltd (BPCL) have reported receiving \u201cmultiple expressions of interest.\u201d <\/p>\n<p>\u201cThe transaction will move to the second stage after scrutiny by TA,\u201d he said. <\/p>\n<p>TA stands for a transaction advisor. <\/p>\n<p>\u201cStrategic disinvestment of BPCL progresses: Now moves to the second stage after multiple expressions of interest have been received,\u201d Finance Minister Nirmala Sitharaman also tweeted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government on Monday received \u2018multiple\u2019 bids for buying out its stake in India\u2019s second-biggest fuel retailer BPCL but billionaire Mukesh Ambani\u2019s Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), which is handling the sale, tweeted that the transaction advisors for the sale of government\u2019s 52.98 per cent stake in Bharat Petroleum Corp Ltd (BPCL) have reported receiving \u201cmultiple expressions of interest.\u201d \u201cThe transaction will move to the second stage after scrutiny by TA,\u201d he said. TA stands for a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-384535","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=384535"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384535\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}