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Centre Withdraws Offer To Sell 53% Stake In Bharat Petroleum Corp
The government on Thursday withdrew its offer to sell its entire 52.98 per cent stake in BPCL, saying that majority of bidders have expressed their inability to participate in the current privatisation process due to prevailing conditions in the global energy market.
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Post LIC, India Weighs Selling Part Of BPCL Instead Of Full Stake: Report
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd (BPCL) after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.
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Centre Considers Selling Part Of Bharat Petroleum, Not Full Stake: Report
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.
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Government May Go Back To Drawing Board On Bharat Petroleum Stake Sale
Government may take a fresh look at BPCL privatisation, including revising the terms of sale, an official said
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Government Says Bharat Petroleum's Privatisation Has Evoked Overwhelming Response
Government has informed Parliament that it has received multiple Expressions of Interest for privatisation of Bharat Petroleum
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Shipping Corp, BEML, BPCL To Be Privatised Next Fiscal; 3 IPOs Lined Up
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
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Government To Complete Air India, Bharat Petroleum Disinvestment In 2021-22
Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.
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Government Eases Foreign Investment Rules To Aid Bharat Petroleum Sale: Report
The Cabinet approved plans to allow 100 per cent foreign direct investment in state-run oil companies in which a strategic stake sale is announced.
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Government Moves Cabinet Note To Seek 100% Foreign Investment In Oil Companies
Commerce Ministry has floated a draft cabinet note seeking views on a proposal to allow up to 100 per cent foreign investment in oil and gas companies
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Bidding For Bharat Petroleum Stake Sale To End Today: 10 Things To Know
The initial bidding for privatisation of state-run Bharat Petroleum Corporation Limited (BPCL) will end today. The government has been trying to offload its entire 52.98 per cent stake in BPCL, the country's second largest oil refining and marketing company. But it has already extended the deadline for interested parties to register their expressio...
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Government Extends Deadline For Initial Bids To Buy BPCL
Government said on Wednesday it has extended the deadline for submitting initial bids to buy state-owned Bharat Petroleum Corp Ltd to November 16.
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Expression Of Interest For Air India, BPCL Stake Sale Expected In January: Report
Based on current market prices, the sale of stakes in these three firms will fetch the PM Modi government about Rs 78,400 crore.
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Bharat Petroleum Shares Fall After Government's Mega Privatisation Plan
Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.
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Sensex Falls Over 90 Points Amid Volatile Trade, Nifty Moves Away From 12,000
Domestic stock markets suffered losses after a positive start on Thursday amid volatile trade, following a two-day winning run. The S&P BSE Sensex index fell as much as 93.1 points to hit 40,558.54 on the downside, and the broader NSE Nifty index dropped to as low as 11,965.05, down 34.05 points from the previous close. Losses in financial, metal a...
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Government To Trim Stake In Bharat Petroleum, 4 Other State-Run Companies
India has set a target of raising Rs 1.05 lakh crore ($14.6 billion) through the sale of state stakes in companies by March 2020. It has reached Rs 17,364 crore since April by selling minority stakes in government companies.
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Centre Withdraws Offer To Sell 53% Stake In Bharat Petroleum Corp
The government on Thursday withdrew its offer to sell its entire 52.98 per cent stake in BPCL, saying that majority of bidders have expressed their inability to participate in the current privatisation process due to prevailing conditions in the global energy market.
-
Post LIC, India Weighs Selling Part Of BPCL Instead Of Full Stake: Report
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd (BPCL) after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.
-
Centre Considers Selling Part Of Bharat Petroleum, Not Full Stake: Report
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.
-
Government May Go Back To Drawing Board On Bharat Petroleum Stake Sale
Government may take a fresh look at BPCL privatisation, including revising the terms of sale, an official said
-
Government Says Bharat Petroleum's Privatisation Has Evoked Overwhelming Response
Government has informed Parliament that it has received multiple Expressions of Interest for privatisation of Bharat Petroleum
-
Shipping Corp, BEML, BPCL To Be Privatised Next Fiscal; 3 IPOs Lined Up
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
-
Government To Complete Air India, Bharat Petroleum Disinvestment In 2021-22
Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.
-
Government Eases Foreign Investment Rules To Aid Bharat Petroleum Sale: Report
The Cabinet approved plans to allow 100 per cent foreign direct investment in state-run oil companies in which a strategic stake sale is announced.
-
Government Moves Cabinet Note To Seek 100% Foreign Investment In Oil Companies
Commerce Ministry has floated a draft cabinet note seeking views on a proposal to allow up to 100 per cent foreign investment in oil and gas companies
-
Bidding For Bharat Petroleum Stake Sale To End Today: 10 Things To Know
The initial bidding for privatisation of state-run Bharat Petroleum Corporation Limited (BPCL) will end today. The government has been trying to offload its entire 52.98 per cent stake in BPCL, the country's second largest oil refining and marketing company. But it has already extended the deadline for interested parties to register their expressio...
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Government Extends Deadline For Initial Bids To Buy BPCL
Government said on Wednesday it has extended the deadline for submitting initial bids to buy state-owned Bharat Petroleum Corp Ltd to November 16.
-
Expression Of Interest For Air India, BPCL Stake Sale Expected In January: Report
Based on current market prices, the sale of stakes in these three firms will fetch the PM Modi government about Rs 78,400 crore.
-
Bharat Petroleum Shares Fall After Government's Mega Privatisation Plan
Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.
-
Sensex Falls Over 90 Points Amid Volatile Trade, Nifty Moves Away From 12,000
Domestic stock markets suffered losses after a positive start on Thursday amid volatile trade, following a two-day winning run. The S&P BSE Sensex index fell as much as 93.1 points to hit 40,558.54 on the downside, and the broader NSE Nifty index dropped to as low as 11,965.05, down 34.05 points from the previous close. Losses in financial, metal a...
-
Government To Trim Stake In Bharat Petroleum, 4 Other State-Run Companies
India has set a target of raising Rs 1.05 lakh crore ($14.6 billion) through the sale of state stakes in companies by March 2020. It has reached Rs 17,364 crore since April by selling minority stakes in government companies.
