{"id":390093,"date":"2020-12-18T08:39:29","date_gmt":"2020-12-18T03:09:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390093"},"modified":"2020-12-18T09:20:48","modified_gmt":"2020-12-18T03:50:48","slug":"apollo-global-i-squared-capital-rival-vedanta-for-buying-stake-in-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/apollo-global-i-squared-capital-rival-vedanta-for-buying-stake-in-bpcl\/","title":{"rendered":"Apollo Global, I Squared Capital rival Vedanta for buying stake in BPCL"},"content":{"rendered":"<p>Vedanta, Apollo Global, and I Squared Capital have responded to the Centre\u2019s decision to shed its controlling stake in Bharat Petroleum Corporation (BPCL). <\/p>\n<p>Vedanta currently holds a controlling stake in Cairn Oil &amp; Gas, India\u2019s largest private sector crude oil producer, and maybe the keenest to diversify into the refining business. <\/p>\n<p>The acquisition would de-risk the group from crude oil price volatilities and also future proof it with a commanding interest in the petrochemical business. <\/p>\n<p>But Vedanta promoter Anil Agarwal might not have a cake walk as both Apollo Global and I Squared Capital already have their fingers sunk deep into India\u2019s energy ecosystem. Of the two, Apollo Global is clearly the much larger fish with assets worth $433 billion under its management, significantly overshadowing I Squared Capital\u2019s $13 billion assets under management (AUM).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta, Apollo Global, and I Squared Capital have responded to the Centre\u2019s decision to shed its controlling stake in Bharat Petroleum Corporation (BPCL). Vedanta currently holds a controlling stake in Cairn Oil &amp; Gas, India\u2019s largest private sector crude oil producer, and maybe the keenest to diversify into the refining business. The acquisition would de-risk the group from crude oil price volatilities and also future proof it with a commanding interest in the petrochemical business. But Vedanta promoter Anil Agarwal might not have a cake walk as both Apollo Global and I Squared Capital already have their fingers sunk deep [&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-390093","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\/390093","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=390093"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390093\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}