Bpcl government stake
WebJul 21, 2024 · As per the legal position evaluated by the Department of Investment and Public Asset Management - the department running the process for the sale of the government's entire 52.98 per cent stake in … WebJun 7, 2024 · The government is selling its entire 53.29 per cent stake in BPCL to a strategic investor to mobilise over Rs 52,000 crore as disinvestment receipt. Though started in 2024 when its disinvestment got nod, BPCL's disinvestment has been postponed on numerous occasions due to the pandemic related disruptions.
Bpcl government stake
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WebMay 23, 2024 · The government's 52.98 per cent stake in BPCL is valued at about Rs 53,000 crore based on Friday's closing price of company shares on BPCL. The stake sale in India's second-largest fuel retailer is crucial to plans to raise a record Rs 1.75 lakh crore from disinvestment proceeds in fiscal 2024-22 (April 2024 to March 2024). WebNov 16, 2024 · At Friday's closing price of Rs 412.70 on the BSE, the government's 52.98 per cent stake in BPCL is worth Rs 47,430 crore. Also, the acquirer would have to make an open offer for buying another 26 per cent stake from the …
WebBPCL is a public sector undertaking with a shareholding pattern that is widely distributed. The company has a large number of shareholders. Get information through annually … WebAug 8, 2024 · The divestment of Bharat Petroleum Corporation Limited is not on the table as of now, said Minister of Petroleum and Natural Gas Hardeep Singh Puri on Thursday. The government in May formally withdrew its offer to sell its entire 52.98% stake in BPCL, saying majority of bidders have expressed their inability to participate in the current ...
WebMay 18, 2024 · The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from … WebSep 13, 2024 · Government selling its BPCL stake to IOC can create a monopoly in the oil marketing business.Privatization would realize a higher price and may help take politics out of auto fuel pricing.
Web2 days ago · SCI share price rose 4.99% to close at Rs 85.17 on the BSE on Tuesday. The central government may invite financial bids for strategic disinvestment of its 63.75% stake in the Shipping Corporation ...
WebNov 20, 2024 · The government's 53.29 percent stake in BPCL is worth about Rs 63,000 crore going by its closing price of Rs 544.65 on the BSE. At current prices, the government’s 30.8 percent stake in... map of australia and chinaWebJan 23, 2024 · Vedanta Resources Ltd's plan to set up a USD 10 billion fund to acquire state-owned firms has attracted interest from sovereign wealth funds and the corpus will be floated once the government invites price for firms such as BPCL or Shipping Corporation of India (SCI), its chairman said. Metals and mining magnate Anil Agarwal's group has … kristie hill northwestern mutualWebA government official said BPCL and Hindustan Petroleum Corporation Ltd would be divested by the last quarter of 2003-04. ... TotalFina and Chevron Texaco, had submitted expressions of interest for buying the 34.01 per cent stake in HPCL. The government now holds 66.2 per cent in BPCL, and hopes to divest about 38.2 per cent through domestic ... map of australia and japanWebJul 30, 2024 · New Delhi, July 30 Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in its refinery joint venture in Madhya Pradesh… kristie lynch byron ilWebNov 3, 2024 · BPCL could be an attractive buy for firms, ranging from Saudi Aramco to French energy giant Total. ( Ramesh Pathania/Mint) DIPAM has started the process to appoint advisors for the sale of entire... map of australasia and oceaniaWebMay 5, 2024 · The central government’s plan was to sell its entire stake of 52.98 per cent in BPCL, which was expected to fetch an estimated Rs 45,000 crore. The government … kristie heath whiteWebMay 18, 2024 · The government had initially aimed to raise $8-$10 billion from selling its entire stake. The BPCL disinvestment plan was announced in the Union Budget 2024. BPCL owns over 19,000 petrol... kristie hubler chevy crawfordsville