CCEA approves strategic disinvestment in BPCL, four other PSUs: Things to know
The government has agreed to sell its stakes in some state-run companies including oil refiner Bharat Petroleum Corp (BPCL), finance minister Nirmala Sitharaman said on Wednesday . Here are the key takeaways
(i) Bharat Petroleum Corporation Ltd. (BPCL)
(a) Strategic disinvestment of Government of India shareholding of 53.29% in Bharat Petroleum Corporation Ltd (except its equity shareholding of 61.65% in Numaligarh Refinery Limited (NRL) and management control thereon) along with transfer of management control to a strategic buyer.
(b) Strategic disinvestment of BPCL’s shareholding of 61.65% in NRL along with transfer of management control to a Central Public Sector Enterprise (CPSE) operating in the Oil and Gas Sector.
