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Govt likely to invite EoI for stake sale in Air India, BPCL next month

Govt likely to invite EoI for stake sale in Air India, BPCL next month

Friday, December 20, 2019, 8:38 PM

The government is likely to invite preliminary bids for stake sale in national carrier Air India and BPCL next month, according to sources. The airline is sitting on a debt pile of around Rs.58,000 crore, besides huge accumulated losses running into thousands of crores. "Expression of Interest (EoI) inviting bids for stake sell in BPCL and Air India expected next month," the sources said.
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