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Government invites bids to sell its entire stake in BPCL

The government invited a bid on Saturday to sell all of its 52.98% stake in BPCL

Letter of  intent for strategic sales of BPCL was invited on May 2 to invite the Ministry of Investement and Public Assets Management. The documents said ” The Indian government proposes a strategic divestment of all of its equity. PBCL including 114.91 miliion shares, 52.98% of BPCL’s equity and transfer of management control to strategic buyer (except for BPCL holding 61.65% of Numaligah Refinery Limited)

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