Bid submission 15 Jan 2018

Ayush Ministry is seeking an Asset Valuer to carry out the valuation of the Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) which the Indian government is being put up for sale.

“The Government of India is considering strategic disinvestment of 100% of its equity in IMPCL via a two-stage auction process. Ministry of AYUSH requires the services of a reputed Asset Valuer to carry out the valuation,” the government said while inviting request for the proposal.

Bid submission 15 Jan 218 15:00 Hrs.

Asset valuer is to carry out valuation of land and buildings, furniture and fixtures, lab and manufacturing facilities.

It is to be valued on a combination of Comparison Method, Income Capitalisation, Discounted Cash Flow, Cost Approach method and Replacement valuation.

Unlisted IMPCL, with 120 employees, is engaged in manufacture and supply of ‘ayurvedic’ and ‘unani’ medicines and is under the administrative control of Ministry of AYUSH.

It is owned by the Government of India with 98.11% stake and an Uttarakhand state government the remaining 1.89%. fii-news.com

Contact: Franklin L. Khobung, Director, Ministry of Ayush, AYUSH Bhawan, B-Block, GPO Complex, INA, New Delhi 110023. Tel: 011-24651956; email: franklin@nic.in. fii-news.com