{"id":404127,"date":"2021-03-10T10:37:27","date_gmt":"2021-03-10T05:07:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404127"},"modified":"2021-03-10T11:43:51","modified_gmt":"2021-03-10T06:13:51","slug":"bpcl-shares-plunge-5-as-trust-sells-stake-in-block-deals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-shares-plunge-5-as-trust-sells-stake-in-block-deals\/","title":{"rendered":"BPCL shares plunge 5% as trust sells stake in block deals"},"content":{"rendered":"<p>NEW DELHI: BPCL shares tanked 5 per cent on Tuesday amid reports that the state-owned company was looking to sell up to 8.68 crore shares, or 4 per cent of the company&#8217;s equity, through a block deal on Tuesday. The company, according to bankers, had set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday\u2019s closing price of Rs 467.<\/p>\n<p>The stock hit a low of Rs 440.50 on Tuesday, before recovering a bit. At 10 am, the scrip was trading down 4.54 per cent at Rs 445.80 apiece on BSE.<\/p>\n<p>On Monday, a sub-committee of the board of directors of BPCL had approved the sale of BPCL equity shares, which are held by the trust through an accelerated book-built offering of equity shares on the screen-based trading platform of stock exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: BPCL shares tanked 5 per cent on Tuesday amid reports that the state-owned company was looking to sell up to 8.68 crore shares, or 4 per cent of the company&#8217;s equity, through a block deal on Tuesday. The company, according to bankers, had set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday\u2019s closing price of Rs 467. The stock hit a low of Rs 440.50 on Tuesday, before recovering a bit. At 10 am, the scrip was trading down 4.54 per cent at Rs 445.80 apiece on BSE. On Monday, a [&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":[130,191,136],"tags":[],"class_list":["post-404127","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404127","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=404127"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404127\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}