The government is looking to raise Rs 90,000 crore from the privatization of Bharat Petroleum Corp. Ltd (BPCL) at about double the valuation the stock is trading at, as the finance ministry seeks to benchmark the price of the fuel retailer to some of its publicly traded rivals, an official said. <\/p>\n
The government\u2019s target price for its 52.98% stake is also based on the value of BPCL\u2019s assets, especially prime land in cities, the government official said, requesting anonymity. <\/p>\n
\u201cIf anybody thinks that the government will do the BPCL valuation only on the basis of its share price, then they are wrong. The government has to look at the asset valuation also. It will also have to look at the share price of the companies in the peer group,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government is looking to raise Rs 90,000 crore from the privatization of Bharat Petroleum Corp. Ltd (BPCL) at about double the valuation the stock is trading at, as the finance ministry seeks to benchmark the price of the fuel retailer to some of its publicly traded rivals, an official said. The government\u2019s target price for its 52.98% stake is also based on the value of BPCL\u2019s assets, especially prime land in cities, the government official said, requesting anonymity. \u201cIf anybody thinks that the government will do the BPCL valuation only on the basis of its share price, then they […]<\/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":[141,130,183],"tags":[],"class_list":["post-392961","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392961","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=392961"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392961\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}