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Govt likely to invite EoI for stake sale in Air India, BPCL in January

Govt likely to invite EoI for stake sale in Air India, BPCL in January

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  21 Dec 2019 1:20 AM GMT

New Delhi: The government is likely to issue Expression of Interest for the privatisation of Air India and BPCL in January. “We are working towards issuing EoIs for Air India first and then BPCL in January and should be able to do it. If we are to sell them in March, at least backward two months are needed for the bidders to do due diligence. Big assets like BPCL will take time as due diligence has be carried out,” a senior Finance Ministry official said here. (IANS)

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