{"id":417226,"date":"2021-05-28T11:06:09","date_gmt":"2021-05-28T05:36:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417226"},"modified":"2021-05-28T11:06:09","modified_gmt":"2021-05-28T05:36:09","slug":"government-considering-fdi-policy-tweak-to-facilitate-bpcl-privatisation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-considering-fdi-policy-tweak-to-facilitate-bpcl-privatisation\/","title":{"rendered":"Government considering FDI policy tweak to facilitate BPCL privatisation"},"content":{"rendered":"<p>The government is considering a tweak in the current foreign direct investment (FDI) policy to allow overseas investors pick up majority stake in the India&#8217;s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL NSE 1.28 %), sources said.<\/p>\n<p>The government is privatising BPCL and is selling its entire 52.98 per cent stake in the company.<\/p>\n<p>For BPCL privatisation, mining-to-oil conglomerate Vedanta had put in an expression of interest (EoI) for buying the government&#8217;s 52.98 per cent stake in the PSU. The other two bidders are said to be global funds, one of them being Apollo Global Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is considering a tweak in the current foreign direct investment (FDI) policy to allow overseas investors pick up majority stake in the India&#8217;s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL NSE 1.28 %), sources said. The government is privatising BPCL and is selling its entire 52.98 per cent stake in the company. For BPCL privatisation, mining-to-oil conglomerate Vedanta had put in an expression of interest (EoI) for buying the government&#8217;s 52.98 per cent stake in the PSU. The other two bidders are said to be global funds, one of them being Apollo Global Management.<\/p>\n","protected":false},"author":39,"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-417226","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\/417226","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=417226"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417226\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}