The government also plans to call for financial bids to privatise 5 to 6 public sector undertakings, including BPCL, in December-January...

The government is selling its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd....

A special purpose vehicle in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer...

Salt-to-software conglomerate beats SpiceJet promoter to bag national airline...

The government intends to complete the transaction during the current fiscal itself...

In February, Dipam had floated tenders for engaging a registrar and an advertising agency to sell up to a 25 per cent stake in the company...

According to sources, the company may be mulling a new identity, including change of name, to position itself as a new-age technology driven e-com firm...

The proposal is under discussion between the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM)...

The bankers will be making presentations before the department of investment and public asset management over the next two days ...

Sebi has not yet responded to an application made to exempt the new owner of BPCL from making an open offer to the shareholders of the two companies...