Lack of interest in government's BPCL stake threatens to derail India's divestment goals

Lack of interest in government's BPCL stake threatens to derail India's divestment goals

BPCL. Photo: Mint

Investors are not showing much interest in the sale of the government’s 53% stake in Bharat Petroleum Corp. Ltd (BPCL), which is expected to fetch the Centre around 45,000 crore ($6 billion). The privatization process could thus well be derailed, said investment bankers aware of the divestment process.

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