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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.

twitter-logo Reuters   New Delhi     Last Updated: November 6, 2019  | 19:38 IST
Union cabinet may review BPCL sale proposal next week
(Photo: Reuters)

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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