BPCL disinvestment: ‘Valuation will be key to finalise bidder’
December 15, 2020
A view of the Bharat Petroleum Corporation Limited in Chennai - THE HINDU×
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The fate of disinvestment of Bharat Petroleum Corporation Ltd (BPCL) hinges on better valuation.
While the various committees formed by the inter-ministerial group have been working finer details for the disinvestment, valuation would be the key to finalise the bidder as effort is to get maximum value, a senior government official told
BusinessLine.
The prevailing market conditions is making the government tread cautiously with the process, though it wants to complete the process in next four months. According to Preliminary Information Memoradum put out by DIPAM, Ministry of Finance, BPCL is second largest oil marketing company in India with a market share of 21 per cent in the financial year 2018-19 and has third largest refining capacity.
Published: 13 December 2020 13 December 2020
Oklahoma City, Oklahoma - A project manager employed by a major retailer was sentenced to 24 months in prison followed by five years of supervised release for fraudulently seeking more than $8 million in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act announced Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division and U.S. Attorney R. Trent Shores of the Northern District of Oklahoma.
Benjamin Hayford, 32, of Centerton, Arkansas, was sentenced today by U.S. District Judge Claire V. Eagan. Hayford pleaded guilty in August to an indictment charging him with fraudulently seeking millions of dollars in forgivable loans guaranteed by the SBA from multiple banks by claiming fictitious payroll expenses. To support his applications, Hayford provided lenders with fraudulent payroll documentation purport