After four deadline extensions, finally the government on November 16 received EoIs from atleast three companies including Vedanta for the strategic disinvestment of its entire shareholding of 52.98 per cent in Bharat Petroleum Corporation Ltd (BPCL) comprising of 114.92 crore equity shares along with the transfer of management control to a strategic buyer. The only exclusion is BPCL’s equity shareholding of 61.65 per cent in Numaligarh Refinery Ltd (NRL), which will be transferred to a central public sector enterprise operating in the Oil & Gas sector.
