# India plans strategic sale of Bharat Pumps & Compressors

The Indian government intends to divest 100 percent of Bharat Pumps & Compressors through a strategic sale with transfer of management control. The Cabinet cleared the sale in September 2016, and DIPAM is seeking advisors.

- Type: Acquisition
- Announced: 2017-02-03
- Where: Allahabad, India
- Status: announced
- Products: heavy-duty pumps, CNG gas cylinders
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Bharat Pumps & Compressors](https://endata.com/companies/872.md) (target)
- [Government of India](https://endata.com/companies/873.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/govt-plans-strategic-sale-of-3-psus-merger-of-4/articleshow/56959819.cms), 2017-02-03: "The government intends to divest 100 per cent equity in Bharat Pumps & Compressors Ltd through strategic sale with transfer of management control."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.