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BPCL divestment process may face resistance from Kerala govt, employees

A few employee unions have already approached the Bombay High Court with two writ petitions

Topics
BPCL | PSU Disinvestment | privatisation

Shine Jacob  |  New Delhi 

bpcl
In the petition, the unions have argued that compared to the Essar deal of Rosneft, the total valuation of BPCL for the purpose of disinvestment — based on share price — is incorrect

The divestment process of Bharat Petroleum Corpo­ration (BPCL) is likely to face resistance from the Government of Kerala and employees of the oil and gas company examining legal options.

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First Published: Fri, July 31 2020. 06:06 IST
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