{"id":432373,"date":"2021-08-27T09:05:00","date_gmt":"2021-08-27T03:35:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432373"},"modified":"2021-08-27T10:16:50","modified_gmt":"2021-08-27T04:46:50","slug":"global-oil-majors-may-be-joining-race-to-acquire-bpcl-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-oil-majors-may-be-joining-race-to-acquire-bpcl-report\/","title":{"rendered":"Global oil majors may be joining race to acquire BPCL: Report"},"content":{"rendered":"<p>Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India&#8217;s biggest privatisation showed.<\/p>\n<p>Billionaire Anil Agarwal&#8217;s Vedanta group as well as two US funds &#8212; Apollo Global and I Squared Capital &#8211; had last year submitted initial bids to buyout the government&#8217;s entire 52.98 per cent stake in India&#8217;s third-biggest oil refiner and second-largest fuel retailer. <\/p>\n<p>Detailing the &#8216;Next Step&#8217;, the &#8216;Brief Note on BPCL Disinvestment&#8217; said Transaction Advisor and Asset Valuer are to submit an inception report, bidders have to complete due diligence of the company and sale purchase agreement has to be finalised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India&#8217;s biggest privatisation showed. Billionaire Anil Agarwal&#8217;s Vedanta group as well as two US funds &#8212; Apollo Global and I Squared Capital &#8211; had last year submitted initial bids to buyout the government&#8217;s entire 52.98 per cent stake in India&#8217;s third-biggest oil refiner and second-largest fuel retailer. Detailing the &#8216;Next Step&#8217;, the &#8216;Brief Note on BPCL Disinvestment&#8217; said Transaction Advisor and Asset Valuer are to submit an inception report, bidders [&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],"tags":[],"class_list":["post-432373","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432373","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=432373"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432373\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}