InvestorQ : Can we expect a change in FDI policy to help the BPCL stake sale?
Mitali Bhutta made post

Can we expect a change in FDI policy to help the BPCL stake sale?

Answer
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3 weeks ago
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This is not a policy change so a clarification from the government should be good enough. Already, the deadline for fresh bids for BPCL is over and the government is keen to use BPCL to showcase its monetization goals. As of now, BPCL has got bids from Vedanta, Apollo Global and I-Squared Capital. This is in line with the government thinking that the state should stay out of sectors where competitive markets have come of age already.

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