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Finance Ministry invites bids for FSNL privatisation

The last date to submit an Expression of Interest (EoI) is May 5.

March 31, 2022 / 04:01 PM IST
Finance Ministry (Image: PTI)

Finance Ministry (Image: PTI)

The finance ministry on Thursday invited bids to sell the entire government stake in Ferro Scrap Nigam Ltd (FSNL).

The last date to submit an Expression of Interest (EoI) is May 5.

"The Government of India is proposing to disinvest Ferro Scrap Nigam Limited (FSNL), a 100 per cent subsidiary of MSTC Ltd, through strategic sale along with transfer of management control,” the Department of Investment and Public Asset Management (DIPAM) said.

BDO India LLP is acting as the transaction advisor for the proposed transaction.