Why the BPCL share price has fallen after Govt’s divestment announcement

The Narendra Modi-led government on Wednesday gave in-principle approval for the sale of its stake in five Corporate Public Social Enterprises (CPSEs), including Bharat Petroleum Corporation Limited (BPCL), Shipping Corporation of India and Container Corporation of India.

The approval paves the way for the government to sell 53.2 per cent of its stake in BPCL. But this will not include BPCL’s equity shareholding in Numalighar Refinery, which is based in Assam.

The government has also decided to approve 53.75 per cent stake sale in Shipping Corporation of India, 30.8 per cent in Container Corporation of India (CONCOR), to a strategic buyer, announced Finance Minister Nirmala Sitharaman at a press conference.

Why the BPCL share price has fallen after Govt’s divestment announcement

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BPCL को बेचने से पहले तीन हिस्सों में बांटा जाएगा, सरकार जल्द कर सकती है फैसला

विनिवेश पर मोदी सरकार का बड़ा फैसला, BPCL-SCI की बिक्री पर कैबिनेट की मुहर







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