Shares of Bharat Petroleum Corporation Ltd (BPCL) dropped over 4 per cent on Tuesday, a day after the government received multiple expressions of interest for stake purchase in the company while super majors did not put in any initial bids.
On Monday, the government said it has received ‘multiple’ bids for buying out its stake in BPCL but Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not participate.
The stock fell 4.42 per cent to close at Rs 394.45 on BSE. In terms of volume, 7.54 lakh shares were traded on the exchange. On NSE, it declined 4.25 per cent to close the day at Rs 395.30 and more than 2 crore shares were traded.
On Tuesday, the 30-share benchmark BSE Sensex settled 314.73 points or 0.72 per cent higher at its new closing record of 43,952.71.
