{"id":385114,"date":"2020-11-20T08:38:58","date_gmt":"2020-11-20T03:08:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385114"},"modified":"2020-11-20T09:27:04","modified_gmt":"2020-11-20T03:57:04","slug":"bpcl-buy-could-pay-for-itself-but-how-will-vedanta-secure-funding-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-buy-could-pay-for-itself-but-how-will-vedanta-secure-funding-report\/","title":{"rendered":"BPCL buy could pay for itself, but how will Vedanta secure funding: Report"},"content":{"rendered":"<p>Metals-to-oil conglomerate Vedanta&#8217;s interest in buying Bharat Petroleum Corp Ltd (BPCL) is a natural progression towards downstream integration that will hedge its margins but there are doubts over its promoters&#8217; ability to raise finances for such acquisition, analysts said. <\/p>\n<p>While BPCL dividends could easily cover the cost of debt of any acquisition, &#8220;the question we have is how would Vedanta Ltd secure funding, given the worries on leverage at Vedanta and the parent?,&#8221; JP Morgan said in a report. <\/p>\n<p>Buying a 75 per cent stake in BPCL (52.98 per cent of government and 22 per cent through open offer) would cost Vedanta Rs 64,200-97,600 crore depending on the price (Rs 395 to 600 per share).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metals-to-oil conglomerate Vedanta&#8217;s interest in buying Bharat Petroleum Corp Ltd (BPCL) is a natural progression towards downstream integration that will hedge its margins but there are doubts over its promoters&#8217; ability to raise finances for such acquisition, analysts said. While BPCL dividends could easily cover the cost of debt of any acquisition, &#8220;the question we have is how would Vedanta Ltd secure funding, given the worries on leverage at Vedanta and the parent?,&#8221; JP Morgan said in a report. Buying a 75 per cent stake in BPCL (52.98 per cent of government and 22 per cent through open offer) would [&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":[135,130,169],"tags":[],"class_list":["post-385114","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385114","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=385114"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385114\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}