{"id":375803,"date":"2020-09-29T10:52:02","date_gmt":"2020-09-29T05:22:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=375803"},"modified":"2020-09-29T10:52:02","modified_gmt":"2020-09-29T05:22:02","slug":"bpcl-may-sell-part-of-treasury-shares-via-block-deals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-may-sell-part-of-treasury-shares-via-block-deals\/","title":{"rendered":"BPCL may sell part of treasury shares via block deals"},"content":{"rendered":"<p>MUMBAI: Public sector undertaking-BPCL plans to create an employees trust to transfer 2 per cent stake held in its investment trust NSE -2.48 % and is likely to sell the balance 7.33 per cent stake through block deals on the bourses, the company&#8217;s management told reporters on Monday.<\/p>\n<p>BPCL Trust for Investment owns around 9.33 per cent stake in the company, which it is required to sell as a pre-condition for the planned divestment of the company. The government is in the process of selling its entire stake in the country\u2019s second-largest fuel retailer and third-largest refiner. The company\u2019s management said that the divestment process is on track and reiterated the government stance that it will be completed before March 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Public sector undertaking-BPCL plans to create an employees trust to transfer 2 per cent stake held in its investment trust NSE -2.48 % and is likely to sell the balance 7.33 per cent stake through block deals on the bourses, the company&#8217;s management told reporters on Monday. BPCL Trust for Investment owns around 9.33 per cent stake in the company, which it is required to sell as a pre-condition for the planned divestment of the company. The government is in the process of selling its entire stake in the country\u2019s second-largest fuel retailer and third-largest refiner. The company\u2019s management [&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-375803","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\/375803","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=375803"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375803\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=375803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=375803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=375803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}