New Delhi, Jan 26: The Cabinet Committee on Disinvestment would meet today to consider various issues relating to the privatisation of HPCL and BPCL, following a favourable opinion given by Attorney General Soli Sorabjee on disinvestment in the two oil PSUs. "The CCD will meet on Sunday evening to discuss schedule and modalities of selling government equity in the two companies," highly placed government sources said here.

The CCD in its last meeting on December 27 had postponed the decision on disinvestment in Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) pending AG`s opinion on privatising oil firms which were nationalised under an Act of Parliament.
Sorabjee is understood to have opined that there was no need for Parliament approval for privatisation of HPCL and BPCL, sources said.
Government has decided to sell its stake along with management control in HPCL to a strategic investor while it would make a public offering of its equity share in both domestic and overseas market. Bureau Report