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
BPCL down 2.4%, SCI slips 4% after Cabinet okays stake sale
Govt announces relief for ailing telcos, approves divestment of 5 PSUs including BPCL
Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs
Cabinet approves stake sale in BPCL, Shipping Corporation of India and 3 other PSUs
Cabinet gives nod to sell stake in BPCL, 4 other PSUs
Deals Buzz: Government to sell BPCL in mega push for privatization
Centre’s strategic BPCL divestment may trigger bidding war among firms
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