{"id":434398,"date":"2021-09-07T08:41:34","date_gmt":"2021-09-07T03:11:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434398"},"modified":"2021-09-07T09:15:16","modified_gmt":"2021-09-07T03:45:16","slug":"fitch-says-bpcl-privatisation-may-get-delayed-for-multiple-reasons","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-says-bpcl-privatisation-may-get-delayed-for-multiple-reasons\/","title":{"rendered":"Fitch says BPCL privatisation may get delayed for multiple reasons"},"content":{"rendered":"<p>Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India&#8217;s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL).<\/p>\n<p>Affirming BPCL&#8217;s rating at &#8216;BBB-&#8216; with a negative outlook, Fitch said it continues to treat the potential divestment of the company by the Indian government as an event risk. <\/p>\n<p>&#8220;Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays.<\/p>\n<p>&#8220;We believe the risks of further COVID-19 waves and global oil and gas companies&#8217; increased focus on energy transition lead to additional uncertainty over the timing and valuation of potentially large acquisitions in the sector,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India&#8217;s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL). Affirming BPCL&#8217;s rating at &#8216;BBB-&#8216; with a negative outlook, Fitch said it continues to treat the potential divestment of the company by the Indian government as an event risk. &#8220;Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays. &#8220;We believe the risks of further COVID-19 waves and global oil and gas companies&#8217; increased focus on energy [&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-434398","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\/434398","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=434398"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434398\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}