"We had submitted the bid on October 7 to WBIDC and so far there has been no communication to us on the issue," a senior IOC official associated with the development told PTI.
The official said by this time the share purchase agreement either with IOC or TCG (had it exercised the first right of refusal) should have been completed.
"The entire timeline has gone haywire and we do not know the future", the official said, adding the bid would remain valid if the terms and conditions were satisfied.
"The basic premise of validity hinged around the sale of 675 million shares. “However out of that, the ownership of 155 million shares has become contentious and thus doubtful,"
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