Union cabinet may review BPCL sale proposal next week

Union cabinet may review BPCL sale proposal next week

The Indian government plans to sell its entire 53.29% stake along with management control in BPCL for about $10 billion.

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(Photo: Reuters)(Photo: Reuters)
Reuters
  • Nov 6, 2019,
  • Updated Nov 6, 2019 7:38 PM IST

India's cabinet is expected to evaluate a proposal to sell the government's stake in state-run Bharat Petroleum Corp (BPCL.NS) next week, a government source said.

The Indian government plans to sell its entire 53.29% stake along with management control in BPCL for about $10 billion.

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India's cabinet is expected to evaluate a proposal to sell the government's stake in state-run Bharat Petroleum Corp (BPCL.NS) next week, a government source said.

The Indian government plans to sell its entire 53.29% stake along with management control in BPCL for about $10 billion.

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