‘Partial sale of government stake in BPCL may not work’
New Delhi: Selling just a part of the government stake in BPCL when its privatisation bid is revived may not work, a person familiar with the matter said.
The government has been reportedly toying with the idea of selling part of BPCL’s stake when it restarts the divestment process as it would lower the funding requirement for the potential acquirer. The government had offered to sell its entire 53% stake in BPCL.
