{"id":461769,"date":"2022-01-14T10:44:39","date_gmt":"2022-01-14T05:14:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=461769"},"modified":"2022-01-14T12:19:38","modified_gmt":"2022-01-14T06:49:38","slug":"vedanta-puts-12-billion-price-tag-on-bharat-petroleum","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-puts-12-billion-price-tag-on-bharat-petroleum\/","title":{"rendered":"Vedanta puts $12 billion price tag on Bharat Petroleum"},"content":{"rendered":"<p>Vedanta Group is willing to spend $12 billion to acquire India\u2019s state-owned refiner Bharat Petroleum Corp., an asset sale that\u2019s among the nation\u2019s biggest and which has faced delays in completion. \u201cWe\u2019re not going to bid aggressively, but we will put the right price,\u201d billionaire chairman Anil Agarwal said in an interview in Riyadh on Wednesday. \u201cThe market cap of the company is about $11 billion to $12 billion, so this is the amount of investment we\u2019re looking at.\u201d<\/p>\n<p>India\u2019s plan to privatize BPCL NSE 0.82 % has run into rough weather with bidders struggling to find partners and spread their financial risks for the big-ticket acquisition. The country was expecting global oil majors to team up with investment funds to participate in the sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Group is willing to spend $12 billion to acquire India\u2019s state-owned refiner Bharat Petroleum Corp., an asset sale that\u2019s among the nation\u2019s biggest and which has faced delays in completion. \u201cWe\u2019re not going to bid aggressively, but we will put the right price,\u201d billionaire chairman Anil Agarwal said in an interview in Riyadh on Wednesday. \u201cThe market cap of the company is about $11 billion to $12 billion, so this is the amount of investment we\u2019re looking at.\u201d India\u2019s plan to privatize BPCL NSE 0.82 % has run into rough weather with bidders struggling to find partners and spread [&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-461769","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\/461769","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=461769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=461769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=461769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=461769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}