The West Bengal government may garner about Rs 1,688 crore for offloading its 39.9 per cent stake in the ailing Haldia Petrochemicals Ltd (HPL) as Indian Oil Corporation has offered a bid price of Rs 25 per share,sources said. IOC has offered a price of Rs 25 per share for the governments stake in HPL which was much above the reserve price, a source told PTI. At that price,the government will be able to realise around Rs 1,688 crore from the sell-off,the sources said. State-run IOC had emerged as sole bidder for the HPL stake and had submitted its bid on October 7,which was opened on October 10.
Written by Press Trust Of India | Kolkata | Published: October 16, 2013 2:34 am