{"id":403836,"date":"2021-03-09T10:37:29","date_gmt":"2021-03-09T05:07:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403836"},"modified":"2021-03-09T10:46:12","modified_gmt":"2021-03-09T05:16:12","slug":"bpcl-trust-to-sell-up-to-4-of-its-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-trust-to-sell-up-to-4-of-its-shares\/","title":{"rendered":"BPCL Trust to sell up to 4% of its shares"},"content":{"rendered":"<p>MUMBAI : BPCL Trust for Investment in Shares (BPCL Trust) will sell up to 4% of its shares in state-owned energy company Bharat Petroleum Corporation Ltd (BPCL) on Tuesday through a block deal, according to the terms of the deal seen by Mint.<\/p>\n<p>The Trust will sell up to 86.77 million shares or 4% of the total share capital of the company at a floor price of \u20b9435, a 6.85% discount to Monday\u2019s closing price of \u20b9467, aggregating to \u20b93,774 crore.<\/p>\n<p>As of December 2020, the Trust held a 7.33% stake in the company. Citigroup, Kotak Mahindra Capital and ICICI Securities Ltd are advising the Trust on the share sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : BPCL Trust for Investment in Shares (BPCL Trust) will sell up to 4% of its shares in state-owned energy company Bharat Petroleum Corporation Ltd (BPCL) on Tuesday through a block deal, according to the terms of the deal seen by Mint. The Trust will sell up to 86.77 million shares or 4% of the total share capital of the company at a floor price of \u20b9435, a 6.85% discount to Monday\u2019s closing price of \u20b9467, aggregating to \u20b93,774 crore. As of December 2020, the Trust held a 7.33% stake in the company. Citigroup, Kotak Mahindra Capital and ICICI [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-403836","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403836","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403836"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403836\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}