Govt intends to complete BPCL disinvestment by March-end: Company chairman

Acquirer will have to make open offers to minority shareholders of Petronet LNG and IGL for 26% shares, costing new owner of BPCL another Rs 19,000 cr

Twesh Mishra New Delhi

Photo: Bloomberg

The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2022 according to company Chairman, Arun Kumar Singh.
Speaking at a press conference after the Annual General Meeting of the company on Monday, Singh said, “The government at many forums and instances has said that it intends to complete the transaction within this financial year, this means by March 2022. So as of now, stated position is March.” He was responding to a query on when will the disinvestment of BPCL be complete.
In August 2021, Tuhin Kant Pandey, Secretary at the Department of Investment and Public Asset Management (DIPAM) said that the government plans to complete privatisation of Air India and BPCL this year.

Also Read

Jubilant FoodWorks rallies 25% in three weeks; hits new high on BSE

Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary

Govt permits 100% FDI in oil & gas PSUs approved for disinvestment

Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%

BPCL gains 4%, hits 52-week high on strong Q4 results, Rs 58/share dividend

Reliance said to near investment in Google-backed Glance InMobi: Report

Will take proper action as per applicable law: Zee on board revamp demand

Myntra adds warehouse in Kolkata, bolstering storage before festive season

Bharat Petroleum to invest Rs 1 trillion to become future-ready

Tata Projects wins Rs 2,100 cr Chennai Peripheral Ring Road Project phase-1

First Published: Sep 27 2021 | 6:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to