Financial bids for six CPSEs to be invited by January: DIPAM
The Hindu
‘BPCL, BEML, Shipping Corp., Pawan Hans, Central Electronics, NINL lined up’
The Centre will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp., by January, a top government official said on Wednesday.
Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs that are up for privatisation, along with transfer of management control. “After 19 years, we will see 5-6 [instances of] privatisation this year. BPCL is in the due diligence stage. BEML, Shipping Corp., Pawan Hans, Central Electronics, NINL… financial bids can take place in December-January so that we can close it by this year itself,” he said.
Speaking at the CII Global Economic Policy Summit 2021, the Secretary said the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of this fiscal.
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