Govt to float more EoIs for strategic sale

Source: The Hitavada      Date: 03 Dec 2017 13:14:27


THE Government is set to float more expressions of interest (EoIs) for strategic sale, where full ownership and management could be handed over to private players, an official said.Already, EoIs for eight companies have been floated for strategic sale, he said. “EoIs for three to four companies will be floated in four to six weeks,” Neeraj Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) said.

In this context, he said the strategic divestment of Air India was progressing without any hiccups and the Government would float an EoI, but did not divulge the time-frame of it. Gupta said that DIPAM would make its best endeavour to meet the divestment target of Rs 72,500 crore this fiscal.