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Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

As of now, the last date to submit EoIs is September 30, and hence, RFP is expected to be ready by October 15.

BPCL
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BPCL will transfer the remaining 2% to a trust

Shine Jacob New Delhi
The management of Bharat Petroleum Corporation (BPCL) on Monday said that 2 per cent of its treasury stock will be transferred to a separate trust, while the remaining 7.33 per cent is likely to be sold in a bulk deal.
 
“We have 9.33 per cent treasury stock and 2 per cent of it will be transferred to an ESPS (employee stock purchase scheme) trust. A decision on the remaining 7.33 per cent is yet to be taken. The decision will be part of the RFP (request for proposal) that will be out within 15 days after the expressions of

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First Published: Sep 29 2020 | 1:17 AM IST

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