{"id":405782,"date":"2021-03-19T10:35:34","date_gmt":"2021-03-19T05:05:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405782"},"modified":"2021-03-19T10:35:34","modified_gmt":"2021-03-19T05:05:34","slug":"bpcl-disappoints-on-dividend-focus-shifts-to-disinvestment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-disappoints-on-dividend-focus-shifts-to-disinvestment\/","title":{"rendered":"BPCL disappoints on dividend; focus shifts to disinvestment"},"content":{"rendered":"<p>Shares of Bharat Petroleum Corp. Ltd (BPCL) have corrected more than 5% in the last two trading sessions. Analysts attribute this to investors\u2019 disappointment with the latest dividend. The Street was banking on a generous dividend payout after BPCL\u2019s recent asset sales.<\/p>\n<p>BPCL had approved the divestment of its entire 61.65% stake in Numaligarh Refinery Ltd (NRL) for \u20b99,876 crore to a consortium of Oil India Ltd, Engineers India Ltd and the Assam government. It also sold treasury shares of over \u20b95,000 crore held by the BPCL Trust.<\/p>\n<p>The company has, however, chosen to declare an interim dividend of \u20b95\/equity share, totalling a payout of around \u20b91,100 crore. Of course, part of the proceeds of the NRL divestment was meant to be used to buy an equity stake in Bharat Oman Refineries Ltd ( \u20b92399.6 crore for 36.62% stake sale).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Bharat Petroleum Corp. Ltd (BPCL) have corrected more than 5% in the last two trading sessions. Analysts attribute this to investors\u2019 disappointment with the latest dividend. The Street was banking on a generous dividend payout after BPCL\u2019s recent asset sales. BPCL had approved the divestment of its entire 61.65% stake in Numaligarh Refinery Ltd (NRL) for \u20b99,876 crore to a consortium of Oil India Ltd, Engineers India Ltd and the Assam government. It also sold treasury shares of over \u20b95,000 crore held by the BPCL Trust. The company has, however, chosen to declare an interim dividend of \u20b95\/equity [&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-405782","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\/405782","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=405782"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405782\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}