Centre has appointed SBI Capital Markets as its Transaction Advisor to advise and manage the strategic disinvestment process; bids will have to be submitted by March 1

The valuations are quite low, the dividend yield is attractive yet investors are unwilling to put faith in the PSU pack

The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

Air India Employees Union said the existing medical scheme in Air India should be continued as it is for serving and retired employees

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

Government plans to sell entire 63.75 per cent stake in Shipping Corporation along with transfer of management control

The Department of Investment and Public Asset Management (DIPAM) is working towards concluding the sale in the current financial year as there is good investor interest and the transaction size is not big

Vedanta had put forward preliminary EoI for buying a 52.98 per cent stake in BPCL in November; govt's high-powered committee evaluates bids from Vedanta and other two private equity firms, Apollo Global and Think Gas

While the timing seems to be perfect as the economy is in a bounce-back phase, the investors and analysts are concerned about the debt of the parent company Vedanta Resources

The board of BPCL will meet on December 17 to consider a proposal for acquiring 36.62 per cent stake in Bharat Oman Refineries (BORL) from Oman Oil Company S.A.O.C. (OQ)

On Tuesday, the panel will see transaction advisor Deloitte's report on the scrutiny of the three bids that were received at the close of bidding last month

Tata group, Reliance Industries, Adani Group, JSW and Vedanta are among others in race for lucrative assets, including start-ups

Mining giant Vedanta had on November 18 confirmed putting an expression of interest (EoI) to buy out the government's 52.98% stake in the Bharat Petroleum Corporation Ltd (BPCL)

The pandemic had put the brakes on the government's ambitious disinvestment plans for the fiscal. However, things have started picking up as businesses go back to normal and markets regain their appetite for buying assets. DIPAM Secretary Tuhin Kanta Pandey lays down the road ahead for the department

If Agarwal's Vedanta buys BPCL, it will pit him directly against Reliance Industries Chairman Mukesh Ambani in the oil sector

Vedanta share touched an intraday high of Rs 116.85, rising 7.35%

Centre has received multiple EOIs for stake sale in BPCL, though names have not been made public. Biggest oil companies, including Mukesh Ambani's RIL, Saudi Aramco, BP, and Total, have, however, not shown interest in the state-owned oil firm

India Stock Market Highlights Today: Global equities were buoyed today as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment

Stocks to watch today on November 17: L&T, RIL, Coal India, Tata Steel, Ruchi Soya among others are the top stocks to watch out for in Tuesday's trading session

Reliance Industries, which was considered a potential bidder as BPCL would have added 22 per cent fuel market share to its fledgling retail business and made it the nation's number one oil refiner, did not put in an expression of interest