The government has received three preliminary bids to buy a controlling stake in India’s second-largest fuel retailer Bharat Petroleum Corporation, oil minister Dharmendra Pradhan said at a webinar on Wednesday.
Vedanta had on November 18 confirmed putting in an expression of interest (EoI) to buy the government’s 52.98 per cent stake in BPCL.
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The other two bidders are said to be global funds, one of them being Apollo Global Management.
“A lot of interest is there...Dipam has recently informed the market... I think three parties have given EoIs,” he added but did not give the details.
