Privatisation of BPCL: Odds Of It Becoming A Success Story

23/Dec/2020, 6:04 AM, Authored by Mr. Hiroo Advani & Ms. Kanika Arora

The Government of India (“GoI”) had, in November 2019, lined up the sale of five (5) public sector units’ (“PSUs”) stakes, including its 52.98 per cent stake (114.91 crore equity shares) in blue chip oil company Bharat Petroleum Corporation Limited (“BPCL”) and accordingly, sought Expressions of Interest (“EOIs”) from potential acquirers by July 31, 2020. The actual sell-off would obviously depend upon the market once all EOIs had been received.