{"id":299639,"date":"2019-11-06T10:47:08","date_gmt":"2019-11-06T05:17:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=299639"},"modified":"2019-11-06T11:02:48","modified_gmt":"2019-11-06T05:32:48","slug":"bpcl-sale-indian-oil-maintains-interest-may-bid-on-lower-offer-size","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-sale-indian-oil-maintains-interest-may-bid-on-lower-offer-size\/","title":{"rendered":"BPCL sale: Indian Oil maintains interest, may bid on lower offer size"},"content":{"rendered":"<p>The country&#8217;s largest public sector refiner and retailer, Indian Oil Corporation (IOC), may consider bidding for the Centre&#8217;s stake in Bharat Petroleum Corporation Ltd (BPCL) if such a need arises and the government agrees to reduce the quantum shares on offer in the company, including a waiver from mandatory open offer. <\/p>\n<p>Top official sources said that BPCL would fit well into the scheme of things of IOC, and together the entity would become a powerhouse of refining and retailing activity, which would give tough competition to other players in the field, including the global giants eyeing the Indian market. <\/p>\n<p>When asked recently, IOC Chairman Rajiv Singh did not deny IOC&#8217;s interest in BPCL, but said: &#8220;These are big offerings where the Government of India&#8217;s entire stake is being sold.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country&#8217;s largest public sector refiner and retailer, Indian Oil Corporation (IOC), may consider bidding for the Centre&#8217;s stake in Bharat Petroleum Corporation Ltd (BPCL) if such a need arises and the government agrees to reduce the quantum shares on offer in the company, including a waiver from mandatory open offer. Top official sources said that BPCL would fit well into the scheme of things of IOC, and together the entity would become a powerhouse of refining and retailing activity, which would give tough competition to other players in the field, including the global giants eyeing the Indian market. When [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-299639","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=299639"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299639\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=299639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=299639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=299639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}