India extends tender bid for BPCL privitization
Date
August 06, 2020
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
India
Subsectors
O&G Downstream
Contracting Authorities
Government of India
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The Ministry of Finance of India has extended the deadline for the submission of bids for the launches expression of interests (EOI) tender for the privatization of the Bharat Petroleum Corporation (BPCL) considering the global situation caused by COVID-19 pandemic.
The privatization involves the sale of 52.98% stakes or about 1,149,183,592 equity shares in BPCL.
The submissions of EOIs is extended until September 30, 2020.
