13. Receipt of final bids and resealing of bids in presence of bidders & receipt of evaluation papers from advisors Finalization of upset price by evaluation committee/IMG Reopening of financial bids in presence of bidders and their comparison with upset price by IMG IMG/CGD/CCD approvals (and other regulatory approvals, as needed) Execution of legal documents and inflow of funds Documents submitted to CAG’s office for assessment 05/05/11
24. Disinvest Approach----------------- 5. All cases of disinvestment are to decided on a case by case basis; 6. The Department of Disinvestment is to identify CPSEs in consultation with respective administrative ministries and submit proposal to the Government in cases requiring offer for sale of Government equity. 05/05/11