{"id":384992,"date":"2020-11-19T11:42:23","date_gmt":"2020-11-19T06:12:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384992"},"modified":"2020-11-19T11:42:23","modified_gmt":"2020-11-19T06:12:23","slug":"anil-agarwals-vedanta-group-expresses-interest-in-buying-governments-stake-in-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/anil-agarwals-vedanta-group-expresses-interest-in-buying-governments-stake-in-bpcl\/","title":{"rendered":"Anil Agarwal\u2019s Vedanta Group expresses interest in buying government\u2019s stake in BPCL"},"content":{"rendered":"<p>Anil Agarwal\u2019s Vedanta Group on Wednesday confirmed that it is among those who expressed their interest in acquiring Government of India\u2019s stake in the state-run refinery Bharat Petroleum Corporation Ltd (BPCL). \u201cVedanta\u2019s EoI for BPCL is to evaluate potential synergies with our existing oil and gas business,\u201d news agency PTI quoted a Vedanta spokesperson as saying. BPCL received multiple bids by the end of the deadline on Monday, however, reports suggest that big wigs like Reliance Industries, Aramco, Total, and BP gave the divestment offer a miss.<\/p>\n<p>The government plans to sell its entire 52.98 per cent stake in BPCL. On Monday the Secretary, Department of Investment and Public Asset Management (DIPAM) tweeted, \u201cFor strategic disinvestment of BPCL, multiple expressions of interest have been received by the Transaction Advisor. The Transaction will  move to the second stage after scrutiny by TA.\u201d The government has not delved into the details and has not made any names public.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anil Agarwal\u2019s Vedanta Group on Wednesday confirmed that it is among those who expressed their interest in acquiring Government of India\u2019s stake in the state-run refinery Bharat Petroleum Corporation Ltd (BPCL). \u201cVedanta\u2019s EoI for BPCL is to evaluate potential synergies with our existing oil and gas business,\u201d news agency PTI quoted a Vedanta spokesperson as saying. BPCL received multiple bids by the end of the deadline on Monday, however, reports suggest that big wigs like Reliance Industries, Aramco, Total, and BP gave the divestment offer a miss. The government plans to sell its entire 52.98 per cent stake in BPCL. [&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":[130,195,138],"tags":[],"class_list":["post-384992","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384992","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=384992"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384992\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}