Modi govt. is preparing to sell another company?...
Modi govt. is preparing to sell another company?...
The Modi government of the country is continuously promoting the private sector, due to which it is disinvesting public sector companies. In the last few months, the state-owned airline company air india has gone into the private hands of the Tata Group, and now the Modi government is preparing to sell another company, for which official procedures have also been started. This company is HLL Lifecare, whose command is now being handed over to private hands. For this, the government has also started getting bids.
Selling the entire stakeActually, the government is selling its entire stake in HLL Lifecare Limited. This means that now this company will also go into private hands. The special thing is that the bidding of the buyers of this company has also started coming. indian conglomerate adani Group and Piramal Healthcare are in the race to buy state-run pharmaceutical company HLL Lifecare Ltd. are involved in the race.
How will it be auctioned?According to the information, soon the financial bids for HLL Lifecare Limited will be sought from the bidders including Piramal Group, adani Group, Apollo Group of Hospitals, and Megha Engineering and Infrastructure Limited by the government, whichever will make the highest financial bid for the government.
Selection of winner based on bidAt the same time, a senior government official has told that due diligence is going on and the process of selection of the winner will be done based on financial bids. According to experts, the Transaction Advisor is evaluating them, adani Group and Piramal Group have shown interest to buy HLL. It is worth noting that on december 14, initial bids were sought for the sale of a 100 percent stake of the government in the health sector PSU. Now it has to be seen that who can become the real owner of this company.
The Modi government of the country is continuously promoting the private sector, due to which it is disinvesting public sector companies. In the last few months, the state-owned airline company air india has gone into the private hands of the Tata Group, and now the Modi government is preparing to sell another company, for which official procedures have also been started. This company is HLL Lifecare, whose command is now being handed over to private hands. For this, the government has also started getting bids.
Selling the entire stakeActually, the government is selling its entire stake in HLL Lifecare Limited. This means that now this company will also go into private hands. The special thing is that the bidding of the buyers of this company has also started coming. indian conglomerate adani Group and Piramal Healthcare are in the race to buy state-run pharmaceutical company HLL Lifecare Ltd. are involved in the race.
How will it be auctioned?According to the information, soon the financial bids for HLL Lifecare Limited will be sought from the bidders including Piramal Group, adani Group, Apollo Group of Hospitals, and Megha Engineering and Infrastructure Limited by the government, whichever will make the highest financial bid for the government.
Selection of winner based on bidAt the same time, a senior government official has told that due diligence is going on and the process of selection of the winner will be done based on financial bids. According to experts, the Transaction Advisor is evaluating them, adani Group and Piramal Group have shown interest to buy HLL. It is worth noting that on december 14, initial bids were sought for the sale of a 100 percent stake of the government in the health sector PSU. Now it has to be seen that who can become the real owner of this company.