{"id":430687,"date":"2021-08-16T08:31:50","date_gmt":"2021-08-16T03:01:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430687"},"modified":"2021-08-16T09:21:23","modified_gmt":"2021-08-16T03:51:23","slug":"no-decision-on-stake-sale-in-petronet-indraprastha-gas-yet-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-decision-on-stake-sale-in-petronet-indraprastha-gas-yet-bpcl\/","title":{"rendered":"No decision on stake sale in Petronet, Indraprastha Gas yet: BPCL"},"content":{"rendered":"<p>Bharat Petroleum Corporation Ltd (BPCL) on Friday said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company&#8217;s owner avoid making an open offer for the two gas companies.<\/p>\n<p>V R K Gupta, Chief Financial Officer, BPCL, said market regulator SEBI has not yet responded to an application made for exempting the new owner of BPCL from making an open offer to shareholders of Petronet and IGL.<\/p>\n<p>BPCL holds 12.5 per cent of the shareholding in India&#8217;s largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, Indraprashta Gas Ltd (IGL). It is a promoter of both the listed companies and holds board positions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Petroleum Corporation Ltd (BPCL) on Friday said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company&#8217;s owner avoid making an open offer for the two gas companies. V R K Gupta, Chief Financial Officer, BPCL, said market regulator SEBI has not yet responded to an application made for exempting the new owner of BPCL from making an open offer to shareholders of Petronet and IGL. BPCL holds 12.5 per cent of the shareholding in India&#8217;s largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in [&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":[135,130,169,232],"tags":[],"class_list":["post-430687","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430687","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=430687"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430687\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}