{"id":466331,"date":"2022-02-05T09:36:31","date_gmt":"2022-02-05T04:06:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466331"},"modified":"2022-02-05T09:59:49","modified_gmt":"2022-02-05T04:29:49","slug":"govt-will-wait-for-more-suitors-to-sell-bpcl-says-dipam-secretary","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-will-wait-for-more-suitors-to-sell-bpcl-says-dipam-secretary\/","title":{"rendered":"Govt will wait for more suitors to sell BPCL, says DIPAM Secretary"},"content":{"rendered":"<p>India will not rush into selling the country\u2019s second-biggest state refiner if it ends up with a lone suitor, according to the top bureaucrat overseeing asset sales.<\/p>\n<p>\u201cWe need competitive bids, we can\u2019t do it with a single bid,\u201d Tuhin Kanta Pandey, secretary in the Department of Investment and Public Asset Management, said in an interview on the sale of Bharat Petroleum Corp. \u201cIn the expressions of interest, we have listed the people, multiple people. They must come in.\u201d<\/p>\n<p>On Friday, BPCL shares in Mumbai closed trading 0.2% lower, paring earlier losses of as much as 0.8%.<\/p>\n<p>So far three suitors &#8212; the Vedanta group, Apollo Global Management Inc. and I Squared Capital Advisors &#8212; have expressed interest in buying the government\u2019s 53% stake in BPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will not rush into selling the country\u2019s second-biggest state refiner if it ends up with a lone suitor, according to the top bureaucrat overseeing asset sales. \u201cWe need competitive bids, we can\u2019t do it with a single bid,\u201d Tuhin Kanta Pandey, secretary in the Department of Investment and Public Asset Management, said in an interview on the sale of Bharat Petroleum Corp. \u201cIn the expressions of interest, we have listed the people, multiple people. They must come in.\u201d On Friday, BPCL shares in Mumbai closed trading 0.2% lower, paring earlier losses of as much as 0.8%. So far three [&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":[135,130,169],"tags":[],"class_list":["post-466331","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466331","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=466331"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466331\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}