Divestment of bpcl

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WebMar 8, 2024 · The government on Saturday invited bids for a majority stake in Bharat Petroleum Corp Ltd (BPCL), more than three months after the Union Cabinet approved the strategic divestment. Private companies with a net worth of over $10 billion (Rs 74,000 crore) will be eligible to bid by May 2. Based on the current market capitalisation of Rs … WebApr 21, 2024 · Updated Apr 21, 2024, 2:32 PM IST. At the current market price, the 52.98 per cent stake is valued at about Rs 45,000 crore. The government may take a fresh look at BPCL privatisation, including ...

SC halts HPCL, BPCL sell-off

WebMar 7, 2024 · Divestment of the government’s 52.98% equity stake in BPCL will form a key part of its Rs 2.1 lakh crore disinvestment target for the next fiscal. The government has, however, excluded BPCL’s stake in the Numaligarh refinery, which has a refining capacity of 3 million metric tonnes per annum, from the divestment process as it intends to ... WebApr 5, 2024 · Enter the characters shown in the image. In December 2024, the India arm of Deloitte Touche Tohmatsu surprised many with its ultra-competitive bid to become the transaction advisor for the country’s largest strategic disinvestment in Bharat Petroleum Corporation (BPCL). easy turkey meatloaf recipe healthy

SC issues notice to Centre, HPCL, BPCL

WebIt said prior approval of Parliament for divesting government's holding in HPCL and BPCL was not necessary as "in the Acquisition Acts (under which ESSO was nationalised as HPCL and Burmah Shell as BPCL in 1970s) as also in the Companies Act, there are no restrictions on the divestment." Shares in BPCL/HPCL were sold during 1991-92 to … WebOct 29, 2024 · Dividend details on Bharat Petroleum Corporation Ltd., including the record date or ex-dividend date for payment of dividend. WebSep 15, 2024 · According to a stock exchange filing in June, BPCL said the government has through a letter dated June 3, 2024, called off the present tender to sell its entire 53% stake in the company. “Accordingly, all the activities in connection with the disinvestment including the data room are being discontinued,” BPCL said. Advt. communityrenewal gmail.com

BPCL disinvestment: Govt revisits privatisation decision ... - IndiaTV News

The unique strategy of BPCL disinvestment - The Hindu …

http://origin.news.rediff.com/money/2003/sep/16divest4.htm?zcc=ar WebMar 29, 2024 · The government told the Parliament that the divestment process of BPCL is currently in due diligence state and hasn't been completed. The reserve price is fixed after the completion of financial ... community renewal edinburghWebMar 28, 2024 · The first is the strategic disinvestment of the government’s shareholding of 53.29 per cent in BPCL (except its equity shareholding of 61.65 per cent in NRL) along … community renewal of pottawatomie county

"WebDec 6, 2024 · Deloitte is helping the government sell its stake in BPCL. According to media reports, SBI Caps was the second-lowest bidder, quoting Rs 15-17 crore. Deloitte … " - Divestment of bpcl

Divestment of bpcl

Government has withdrawn BPCL divestment offer, will ... - MoneyControl

WebNov 16, 2024 · BPCL tumbles over 6% on report it's divestment may not happen in FY21 BPCL stock gains ground as govt's divestment process gathers steam BPCL consolidated profit before tax rises 30% to Rs … WebJan 20, 2024 · Mining firm Vedanta Resources Ltd plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL), its chairman told Reuters on ...

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WebApr 22, 2024 · BPCL's divestment plan did not generate the interest that the government was hoping for. In February, Minister of Petroleum and Natural Gas Hardeep Singh Puri had said that the government "hopes ... WebDec 14, 2024 · The fate of disinvestment of Bharat Petroleum Corporation Ltd (BPCL) hinges on better valuation. While the various committees formed by the inter-ministerial group have been working finer details ...

WebThe Supreme Court's judgement halting the divestment of oil majors, BPCL and HPCL, is likely to cause irrecoverable damage to the divestment process of these two public sector units, say analysts. In its judgment the Supreme Court has asked the Centre to get approval from Parliament before going ahead with the sell-off. http://origin.election.rediff.com/money/2003/sep/16divest.htm?zcc=ar

WebJan 18, 2024 · Bharat Petroleum Corporation Ltd (BPCL) Amid allegations that uncertainty in the divestment process for almost two years has affected Bharat Petroleum Corporation’s (BPCL’s) investment plans, an executive of the state-run major said the delay has not hit the petrochemical expansion plans. The investments for expansion are … WebSep 27, 2024 · Enter the characters shown in the image. The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2024 according to …

WebSC halts HPCL, BPCL sell-off September 16, 2003 10:49 IST Last Updated: September 16, 2003 13:33 IST. In a major blow to privatisation programme, the Supreme Court today halted the divestment process for two major oil PSUs - HPCL and BPCL -- and asked the Centre to get approval from Parliament before going ahead with the sell-off.

WebOct 14, 2024 · Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government. Pandey said that the government is expecting … community renewal international shreveportWebNov 20, 2024 · The government is selling its entire 52.98 per cent stake in India’s second-largest fuel retailer as part of plans to raise a record Rs. 2.1 lakh crore from disinvestment proceeds in 2024-21. But, the BPCL share … easy turkey pie recipeWebThe divestment ministry said on Thursday that the inter-ministerial group on the divestment of Bharat Petroleum Corporation would meet next week to discuss the quantum of shares to be offered in the domestic and global markets. ... In case of Bharat Petroleum Corporation, government holds 66 per cent and will offload 35 per cent stake … community renewal pennywellWebAfter the proposed divestment and offer of five per cent stake at concessional rates to the employees, government's shareholding in HPCL was to come down to 12 per cent and that in BPCL to 26 per cent. Divestment Minister Arun Shourie has maintained that privatisation of the two oil PSUs, which were nationalised through an Act of Parliament in ... community renewal internationalWebMar 8, 2024 · Todays L/H 355.75 361.60. More. The country’s second biggest state refiner Bharat Petroleum Corporation (BPCL), which is one of the key divestment candidates of the government, launched a block ... easy turkey roll upsWebDivestment ministry circulates an internal paper proposing 25% equity sale in HPCL and 30% in BPCL to strategic investors. Also suggests immediate sale of equity in ONGC, GAIL and IOC. Petroleum ministry suggests vertical integration of IOC, ONGC, GAIL and IPCL. December 2001. Divestment ministry targets HPCL, BPCL sale in 2002-03. February 2002 community renewal pennywell pantryWebOct 14, 2024 · Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government. Pandey said that the government is expecting disinvestment of BPCL in the last quarter ... easy turkey pasta recipes