Business

GOVT PLANNING TO SELL ENTIRE STAKE IN BPCL WORTH RS 40,000 CR !!

New Delhi: Center is planning to sell off its entire stake worth Rs 40,000 crore in Bharat Petroleum Corporation (BPCL), most likely to fellow state-owned oil-marketing company Indian Oil Corporation (IOCL).

A deal that will go a long way in the Narendra Modi government meeting its highest-ever disinvestment target of Rs 1.05 trillion. If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top