<span style="color: #222222;">Union Government has invited bids for the sale of its entire 52.98 per cent stake in the Bharat Petroleum Corporation Limited.</span><br />'' <span style="color: #222222;"><br />'' Expressions of interest for the strategic sale of BPCL were invited by 2nd of May, the Department of Investment and Public Asset Management said in the bid document.</span><br />'' <span style="color: #222222;"><br />'' The bid document issued today stated that the Government of India is proposing strategic disinvestment of its entire shareholding in BPCL comprising 114.91 crore equity shares, which constitutes 52.98 per cent of BPCL's equity share capital, along with transfer of management control, to a strategic buyer (except BPCL's equity shareholding of 61.65 per cent in Numaligarh Refinery Limited).</span><br />'' <span style="color: #222222;"><br />'' The government has appointed Deloitte Touche Tohmatsu India LLP as its Transaction Adviser to advise on and manage the strategic disinvestment process. </span><br />'' <br />''