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In biggest privatisation drive, Govt invites bids for sale of Bharat Petroleum Corp Ltd

Expressions of interest for the strategic sale of BPCL have been invited by May 2, as per the bid document by the Department of Investment and Public Asset Management (DIPAM). “The Government of India is proposing strategic disinvestment of its entire shareholding in BPCL comprising of 114.91 crore equity shares, which constitutes 52.98% of BPCL’s equity share capital along with transfer of management control to a strategic buyer (except BPCL’s equity shareholding of 61.65% in Numaligarh Refinery Limited),” it said. NRL stake will be sold to a state-owned oil and gas firm.........Read more

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