Final bids for IPCL next week

The transaction documents for IPCL will be finalised in this conference.’’ Such a meeting is called in case of any privatisation, he added. The Reliance group, Indian Oil Corporation and the Nirma group are in the race for 26 per cent equity of the petrochemicals giant.

Following the finalisation of transaction documents, the government will call financial bids for IPCL, Baijal said. ‘‘It is in consultation with the bidders that the date for financial bids will be called.’’

Normally, it takes 10 to 15 days to call financial bids, he said.