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Strategic divestment of BPCL to be discussed at next cabinet meeting

Updated : November 19, 2019 06:27 AM IST

The strategic disinvestment of BPCL is likely to come up in the next cabinet meet along with other central public sector enterprises (CPSEs), sources told CNBC-TV18.

The other CPSEs are Concor, SCI, North Eastern Electric Power Corporation Limited and THDC.

The matter has been under consideration for some time now.  The government is working on a tight timeline and it is expected to be done before March 31.

Once the cabinet nod comes, within a week or ten days the intermediaries like the transaction advisors and legal advisors will be appointed. Once that is done, in a month or so, expression of interest would be invited for these strategic stake sales.

The government will be doing a roadshow to gauge the investor interest for these stake sales.
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