In the country’s largest strategic disinvestment, the transaction advisor is taking a mere Rs 1 for its services. Deloitte Touche Tohmatsu India has quoted Rs 1 to manage the sale of Bharat Petroleum Corporation (BPCL), which is likely to fetch the government Rs 70,000-80,000 crore.
According to three persons in the know, SBI Caps was the second-lowest bidder with a quote in the range of Rs 15-17 crore. Both Deloitte and SBI Caps did not respond to emailed queries. “For Deloitte, this may be a prestigious deal and will add to its portfolio a national energy ...
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