HPCL-ONGC Deal: Govt Steps on the Gas

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(BS)

Kicking off the process of stake sale in Hindustan Petroleum Corporation (HPCL), the department of investment and public asset management (Dipam) has started the process for selecting two consultants and a law firm. “The government wants to complete the divestment within this year so the search for merchant bankers and legal advisors has begun,” said a person close to the development. Interested parties have been asked to submit bids by August 10 for both the assignments.

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