New Delhi, June 25: The government is expected to begin due diligence for the stake sale in state-run oil refiner Hindustan Petroleum (HPCL) in August, a senior disinvestment ministry official said on Wednesday. He said work on the initial public offering for Bharat Petroleum would start next week and advisors are likely to be appointed by then.
The official, who did not wish to be identified, said the government will wrap up the stake sale in HPCL by November. Bureau Report