{"id":385079,"date":"2020-11-19T11:51:41","date_gmt":"2020-11-19T06:21:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385079"},"modified":"2020-11-19T13:12:23","modified_gmt":"2020-11-19T07:42:23","slug":"vedanta-ltd-vedanta-resources-spv-bids-for-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-ltd-vedanta-resources-spv-bids-for-bpcl\/","title":{"rendered":"Vedanta Ltd-Vedanta Resources SPV bids for BPCL"},"content":{"rendered":"<p>Mining conglomerate Vedanta has put in a preliminary expression of interest (EoI) for buying the government\u2019s stake in Bharat Petroleum Corp Ltd (BPCL), for which a major foreign player too is said to be in race. <\/p>\n<p>A special purpose vehicle floated by the BSE-listed Vedanta Ltd and its London-based parent Vedanta Resources submitted an EoI before the close of deadline on November 16. <\/p>\n<p>\u201cVedanta\u2019s EoI for BPCL is to evaluate potential synergies with our existing oil and gas business,\u201d the company said in a statement. \u201cThe EoI is at a preliminary stage and exploratory in nature.\u201d <\/p>\n<p>Sources in the department handling the sale said the EoI has been put in by a special purpose vehicle or SPV floated by Vedanta Ltd and Vedanta Resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining conglomerate Vedanta has put in a preliminary expression of interest (EoI) for buying the government\u2019s stake in Bharat Petroleum Corp Ltd (BPCL), for which a major foreign player too is said to be in race. A special purpose vehicle floated by the BSE-listed Vedanta Ltd and its London-based parent Vedanta Resources submitted an EoI before the close of deadline on November 16. \u201cVedanta\u2019s EoI for BPCL is to evaluate potential synergies with our existing oil and gas business,\u201d the company said in a statement. \u201cThe EoI is at a preliminary stage and exploratory in nature.\u201d Sources in the department [&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":[130,211,144],"tags":[],"class_list":["post-385079","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385079","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=385079"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385079\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}