{"id":302287,"date":"2019-11-22T11:08:12","date_gmt":"2019-11-22T05:38:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=302287"},"modified":"2019-11-22T11:08:12","modified_gmt":"2019-11-22T05:38:12","slug":"asset-strip-two-phased-share-sale-proposed-to-make-bpcl-attractive","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/asset-strip-two-phased-share-sale-proposed-to-make-bpcl-attractive\/","title":{"rendered":"Asset strip, two-phased share sale proposed to make BPCL attractive"},"content":{"rendered":"<p>NEW DELHI: With the aim to attract a larger number of investors to take over public sector oil refiner Bharat Petroleum Corporation LtdNSE -0.37 % (BPCL), the government is looking at further stripping some assets from the parent entity while splitting the share sale plan into two phases.<\/p>\n<p>Official sources said that trifurcation of BPCL&#8217;s assets may be carried out before the government&#8217;s shares are put up for sale to strategic investors. Also, the government&#8217;s 53.29 per cent in the company may be sold in two phases with only between 28-30 per cent of the equity shares to be offered in the first phase to strategic investors with transfer of management control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: With the aim to attract a larger number of investors to take over public sector oil refiner Bharat Petroleum Corporation LtdNSE -0.37 % (BPCL), the government is looking at further stripping some assets from the parent entity while splitting the share sale plan into two phases. Official sources said that trifurcation of BPCL&#8217;s assets may be carried out before the government&#8217;s shares are put up for sale to strategic investors. Also, the government&#8217;s 53.29 per cent in the company may be sold in two phases with only between 28-30 per cent of the equity shares to be offered [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-302287","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302287","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=302287"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302287\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=302287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=302287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=302287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}