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Disinvestment
committee agrees to privatization of HPCL and Bhart Petroleum. |
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| Disinvestment
committee agrees to privatization of HPCL and Bhart Petroleum. |
Disinvestment committee agrees to privatization of HPCL and Bhart
Petroleum by sale of equity through a Public offer. Oil Major
ONGC has been barred from bidding for the two oil PSUs. Disinvestment
minister Mr. Arun Shourie addressing the press said, " 34.01
per cent would be offloaded to a strategic partner, 5 per cent
to the employees and 12 per cent to be retained by the Government
in the case of HPCL. And in the case of BPCL the public issue
will be 35.2 per cent, 5 per cent for employees and 26 per cent
to be retained by the Government. There's no time frame set for
the privatization process yet.
Source: Deccan Herald