https://www.taxtmi.com/news?id=27902 Strategic disinvestment was conducted via a two-stage open competitive bidding process with professional advisers; bids were evaluated against an independently fixed reserve price based on expert valuation. Two sealed financial bids were opened and the highest bid exceeding the reserve price was approved. The procedure included EoI issuance, bidder shortlisting, due diligence, security clearances, issuance of RFP and SPA, and now advances to Letter of Award, SPA signing, fulfillment of conditions precedent, and closing. en-us Thu, 19 Sep 2024 17:21:12 +0530 Thu, 19 Sep 2024 17:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27902 Strategic disinvestment was conducted via a two-stage open competitive bidding process with professional advisers; bids were evaluated against an independently fixed reserve price based on expert valuation. Two sealed financial bids were opened and the highest bid exceeding the reserve price was approved. The procedure included EoI issuance, bidder shortlisting, due diligence, security clearances, issuance of RFP and SPA, and now advances to Letter of Award, SPA signing, fulfillment of conditions precedent, and closing. News - Thu, 19 Sep 2024 17:21:12 +0530 https://www.taxtmi.com/news?id=27902