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BPCL – a special occasion play

BPCL’s divestment is now at a critical juncture. September 30, 2020 (today) is the last date for submission of the initial expression of interest

September 30, 2020 / 10:29 AM IST
BPCL – a special occasion play

  With the Air India divestment in limbo, the government now has LIC and BPCL as the two main companies to meet its ambitious divestment target for the current fiscal year. While the LIC divestment will be an initial public offering, BPCL will be a strategic sale. LIC’s IPO may not have any problem, despite its size, given the current market scenario and given how investors are lapping up issues with huge over-subscription. But BPCL’s strategic sale is a completely different...

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