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COVID-19 impact: Strategic sale of BPCL postponed by a month

COVID-19 impact: Strategic sale of BPCL postponed by a month

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  2 April 2020 10:40 AM GMT

New Delhi: The government has postponed strategic disinvestment process of country’s second biggest oil refiner and retailer Bharat Petroleum Corporation (BPCL) by over a month in wake of prevailing situation arising out of COVID-19.

The date of submission of expression of interest (EoI) by interested bidders has been postponed to June 13. This deadline was earlier kept for May 2.

Also, bidders would now have to sent their written query to preliminary information memorandum (PIM) on BPCL disinvestment issued by DIPAM early last month by May 16 instead of April 4 earlier.

“The changes are in view of the requests received from the Interested Bidders (IBs) and the prevailing situation arising out of COVID-19. Further changes with respect to the Important Dates, if any, will be communicated t o the Interested Bidders subsequently,” disinvestment department DIP AM said in an official notice informing the new dates. (IANS)

Also Read: Privatizing BPCL: Highest bidder to make 26 percent open offer

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