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BPCL disinvestment process slows down due to pandemic, LIC IPO: Report

The disposal may only take place as soon as early next year rather than in 2020, one of the people said, asking not to be identified as the matter is private

Topics
BPCL | LIC  | Divestment or disinvestment

Baiju Kalesh & Dinesh Nair | Bloomberg 



BPCL
India has already allowed bidders access to the financial data of the refiner in April and some have held meetings with BPCL management

India’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the pandemic and other government initiatives such as the initial public offering of the nation’s biggest insurer, according to people familiar with the matter.

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First Published: Mon, July 19 2021. 18:06 IST

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