New Delhi, 17/5: 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, two officials said, as the government’s divestment programme moves slower than expected.
New Delhi is considering inviting bids for a 20 per cent-25 per cent stake in BPCL, instead of an outright sale of its entire 52.98 per cent holding, the two government officials, who declined to be named, told Reuters.
The officials said discussions about the plan were in the early stages.
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