{"id":430858,"date":"2021-08-16T11:45:58","date_gmt":"2021-08-16T06:15:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430858"},"modified":"2021-08-16T13:23:14","modified_gmt":"2021-08-16T07:53:14","slug":"no-decision-on-stake-sale-in-petronet-igl-yet-bpcl-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-decision-on-stake-sale-in-petronet-igl-yet-bpcl-2\/","title":{"rendered":"No decision on stake sale in Petronet, IGL 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 NSE -0.42 % LNG and Indraprastha Gas NSE 0.91 % 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 NSE 2.18 % 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 NSE -0.42 % LNG and Indraprastha Gas NSE 0.91 % 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 NSE 2.18 % 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 [&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-430858","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\/430858","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=430858"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430858\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}