{"id":463129,"date":"2022-01-21T09:59:27","date_gmt":"2022-01-21T04:29:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463129"},"modified":"2022-01-21T10:21:42","modified_gmt":"2022-01-21T04:51:42","slug":"vedanta-to-create-10-bln-fund-to-bid-for-bpcl-stake-other-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-to-create-10-bln-fund-to-bid-for-bpcl-stake-other-assets\/","title":{"rendered":"Vedanta to create $10 bln fund to bid for BPCL stake, other assets"},"content":{"rendered":"<p>Mining firm Vedanta Resources Ltd plans to create a $10 billion fund to bid for assets including the Indian government&#8217;s stake in Bharat Petroleum Corp Ltd (BPCL NSE -0.34 %), its chairman told Reuters on Thursday.<\/p>\n<p>The Indian government is seeking to privatise state-run refiner BPCL by selling its near 53% stake in the firm, worth just over $6 billion, to private entities.<\/p>\n<p>&#8220;We are in the process of creating a fund of $10 billion,&#8221; Anil Agarwal said in an interview in Dubai. &#8220;It will not only look at (BPCL) but there are other companies being privatised. It will look at the potential of those companies also.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining firm Vedanta Resources Ltd plans to create a $10 billion fund to bid for assets including the Indian government&#8217;s stake in Bharat Petroleum Corp Ltd (BPCL NSE -0.34 %), its chairman told Reuters on Thursday. The Indian government is seeking to privatise state-run refiner BPCL by selling its near 53% stake in the firm, worth just over $6 billion, to private entities. &#8220;We are in the process of creating a fund of $10 billion,&#8221; Anil Agarwal said in an interview in Dubai. &#8220;It will not only look at (BPCL) but there are other companies being privatised. It will look [&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-463129","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\/463129","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=463129"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463129\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}