State-run pharma co IMPCL selloff sees several EOIs

The Centre has received multiple expressions of interest (EOIs) for the privatisation of state-run Indian Medicines Pharmaceutical Corporation (IMPCL), a top finance ministry official announced on social media platform X on Monday. Tuhin Kanta Pandey, secretary, department of investment and public asset management (Dipam) said the transaction now moves onto the second stage. The Centre's privatisation plan has slowed down significantly after the successful sale of state-run Air India to the Tata Group.