Tag Archives: BPCL

The long-awaited privatization process of Bharat Petroleum Corporation (BPCL) received a boost with at least three or four expressions of interest submitted by the company. The last day for EOIs was Monday. The sale is crucial for the government in order to meet its divestment target of Rs 1.2 trillion …

Tuhin Kanta Pandey, secretary of the Department of Investment and Management of Public Assets (DIPAM), which is in charge of the strategic sale, tweeted that the transaction advisers for the sale of the 52.98 percent government stake in Bharat Petroleum Corp Ltd (BPCL) reported receiving “multiple expressions of interest”. “The …

The government had first launched a tender for the mega privatization of BPCL in March of this year. The initial tender for the privatization of the state-owned Bharat Petroleum Corporation Limited (BPCL) will end today. The government has been trying to divest its entire 52.98 percent stake in BPCL, the …

The secretary of the Department of Investment and Management of Public Assets (DIPAM), Tuhin Kanta Pandey, had told PTI last month that there would be no further extensions Initial offers for the privatization of Bharat Petroleum Corp Ltd (BPCL) are due to close on Monday amid indications that large British …

Initial offers for the privatization of Bharat Petroleum Corp Ltd (BPCL) are due to close on Monday amid indications that large British companies BP Plc, Total of France and Saudi Aramco are unlikely to submit offers. The government, which is selling its entire 52.98 percent stake in India’s second-largest oil …

State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at a third of the market price as the company seeks to reward staff prior to its privatization. BPCL’s board on Friday “approved the proposed Employee Stock Purchase Plan (ESPS) to specified employees through the trust mechanism, subject …