All the activities in connection with the disinvestment of the government’s stake in Bharat Petroleum Corporation Ltd, including the data room are being discontinued, the company said in a stock exchange filing on Tuesday.
The Centre had recently called off the present EOI process for strategic disinvestment of BPCL NSE 0.37 %. The Centre was planning to sell its whole 53% ownership in the state-owned refiner but called it off in the present form citing the inability of the majority of bidders to participate in the privatization.
