{"id":433137,"date":"2021-08-31T12:17:18","date_gmt":"2021-08-31T06:47:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=433137"},"modified":"2021-08-31T12:17:52","modified_gmt":"2021-08-31T06:47:52","slug":"financial-bids-for-bpcl-after-september","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/financial-bids-for-bpcl-after-september\/","title":{"rendered":"Financial bids for BPCL after September"},"content":{"rendered":"<p>With due diligence by potential buyers yet to be completed, financial bids for the government\u2019s entire stake in the fuel retailer-cum-refiner BPCL are expected to come in after September. However, despite the delays, the government is hopeful that the strategic disinvestment worth over Rs 54,000 crore at the current market prices will go through during the current fiscal.<\/p>\n<p>Initially, the department of investment and public asset management (Dipam) wanted to conclude the BPCL transaction by the June quarter. But the second wave of Covid delayed the processes. \u201cThe due diligence process is going on. It will take some more time,\u201d a senior official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With due diligence by potential buyers yet to be completed, financial bids for the government\u2019s entire stake in the fuel retailer-cum-refiner BPCL are expected to come in after September. However, despite the delays, the government is hopeful that the strategic disinvestment worth over Rs 54,000 crore at the current market prices will go through during the current fiscal. Initially, the department of investment and public asset management (Dipam) wanted to conclude the BPCL transaction by the June quarter. But the second wave of Covid delayed the processes. \u201cThe due diligence process is going on. It will take some more time,\u201d [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-433137","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433137","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=433137"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433137\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=433137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=433137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=433137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}