BPCL: Govt.’s stake sale may be delayed
Privatisation of India’s second largest oil refiner BPCL may have been pushed back to the next financial year as no bidder visited the company’s premises in the last quarter, a senior company official said on Wednesday.
The government is selling its entire 52.98% stake in BPCL for which three expressions of interest, including one from Anil Agarwalled Vedanta Group, have been received. Financial bids are yet to be called.
On a call with analysts, BPCL’s DirectorFinance V.R.K. Gupta said the company continues to update data for bidders and is replying to their queries.