{"id":303437,"date":"2019-11-29T12:01:35","date_gmt":"2019-11-29T06:31:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303437"},"modified":"2019-11-29T12:08:41","modified_gmt":"2019-11-29T06:38:41","slug":"government-appoints-deloitte-as-advisor-for-bpcl-stake-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-appoints-deloitte-as-advisor-for-bpcl-stake-sale\/","title":{"rendered":"Government appoints Deloitte as advisor for BPCL stake sale"},"content":{"rendered":"<p>NEW DELHI: The Department of Investment and Public Asset Management has appointed Deloitte Touche Tohmatsu Ltd as advisor for the strategic sale of Bharat Petroleum Corporation, a senior banker associated with the process said.<\/p>\n<p>Completion of the stake sale in India\u2019s second-largest state-owned oil refiner by March 2020 could help the government mobilise more than Rs 60,000 crore, or $8.4 billion, and narrow the fiscal deficit. At the closing price of Rs 509.95 on the BSENSE -0.17 % on Thursday, BPCL\u2019s market cap was Rs 1,10,621 crore, valuing the government\u2019s 53.29% stake at a tad below Rs 59,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Department of Investment and Public Asset Management has appointed Deloitte Touche Tohmatsu Ltd as advisor for the strategic sale of Bharat Petroleum Corporation, a senior banker associated with the process said. Completion of the stake sale in India\u2019s second-largest state-owned oil refiner by March 2020 could help the government mobilise more than Rs 60,000 crore, or $8.4 billion, and narrow the fiscal deficit. At the closing price of Rs 509.95 on the BSENSE -0.17 % on Thursday, BPCL\u2019s market cap was Rs 1,10,621 crore, valuing the government\u2019s 53.29% stake at a tad below Rs 59,000 crore.<\/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":[130,191,136],"tags":[],"class_list":["post-303437","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\/303437","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=303437"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303437\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}