The government has received several initial bids for the privatization of HLL Lifecare, a public entity. Tuhin Kat Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) gave this information by tweeting on Monday.
What did Tuhin Kaat Pandey say?
Pandey said, “Many Expressions of Interest (EOIs) have been received for privatization of HLL Lifecare. This deal is now moving towards the next stage. ”He said that now the process of investigation will start for this. Thereafter financial bids will be called from the interested bidders. The last date for submission of initial bids was March 14.
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Government is selling 100% stake
DIPAM had on December 14 sought initial bids for the government’s 100 per cent stake sale in the health sector PSU. The last date for submission of EOI was January 31, which was later extended to February 28 and then March 14. HLL Lifecare is a Public Sector Undertaking under the Ministry of Health and Family Welfare.