Monday, December 5, 2022
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BPCL Privatisation

BPCL closes down data room after govt puts off privatisation

BPCL had in April 2021 opened a virtual data room, mostly containing financial information on the company, for the qualified bidders signing Confidentiality Undertaking (CU)

BPCL disinvestment: Govt officially aborts plan as bidders pull out

The govt has announced its decision to scrap the BPCL disinvestment process since bidders have expressed their inability to continue with the process

BPCL privatisation: Govt dumps 100% stake sale plan, say sources

With the BPCL privatisation plan moving at a snail’s pace, the government is believed to have dumped its plan to sell its 100% stake in the PSU

BPCL privatisation on back burner, SCI sale to be reviewed: Report

Synopsis: The turbulence caused by the COVID-19 pandemic and the Russia-Ukraine war has led the government to do some rethinking on some of its big-ticket privatisation plans, like Bharat Petroleum Corporation Ltd (BPCL) and Shipping Corporation of India (SCI)

There’s little clarity over where BPCL disinvestment is headed. Here’s why

Synopsis: The disinvestment of state-run BPCL seems to have become shrouded in uncertainties as the process has now dragged on for two years and there seems to be lack of clarity over whether it is headed

BPCL disinvestment will get pushed to FY23: DIPAM Secretary

The disinvestment of BPCL will get pushed to FY23 and will impact the government's disinvestment mop-up for the year, the DIPAM Secretary has said

Minister apprises Parliament of progress in BPCL disinvestment process

On being asked about the status of BPCL disinvestment, MoS for Finance Dr Bhagwat Kishanrao Karad said that EOIs have been received and the process is in due diligence stage

BPCL pays Rs 2,399 cr to OQ, completes stake acquisition in Bharat Oman Refineries

Disinvestment-bound BPCL has paid Rs 2,399.26 crore to OQ for the purchase of their entire stake in Bharat Oman Refineries Ltd

BPCL disinvestment: Govt mulling amendment in FDI policy, say sources

DIPAM has proposed an amendment in FDI policy in order to allow foreign investors to pick up more than 49 percent share in disinvestment-bound BPCL, said sources

BPCL acquires OQ’s full stake in Bharat Oman Refineries Limited (BORL) for Rs 2,400 cr

BPCL has signed a Sale Purchase Agreement (SPA) with OQ for the purchase of their entire stake in Bharat Oman Refineries Company Ltd (BORL)

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