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BPCL stake sale may get delayed over falling oil prices, market crash

As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too

Topics
BPCL | Crude Oil Price | Stock market crash

Ujjval Jauhari  |  New Delhi 



bpcl
The weakness and lower appetite for equities and investors seeking safe havens are not a favourable time for any stake sale.

A steep correction in stock markets, as well as in crude oil prices, may not be good for the government’s plan to divest Bharat Petroleum Corporation (BPCL). The stock, which had seen a high of Rs 549.70 in November outperforming markets on expectations of value unlocking with the government selling its majority stake and garnering high valuations, however, has continued corrected thereafter.

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First Published: Mon, March 09 2020. 19:49 IST

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