News > Govt weighs selling part of BPCL instead of entire stake

Govt weighs selling part of BPCL instead of entire stake

Business Standard | 18/05/2022 11:20 AM | Click to read full article

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.. New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding.

The government officials said even a part sale of BPCL was unlikely to be completed this fiscal year as the process would take over 12 months.