InvestorQ : Is BPCL planning to sell it stake in Petronet LNG and Indraprastha Gas?
sarah Leo made post

Is BPCL planning to sell it stake in Petronet LNG and Indraprastha Gas?

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Rashi Mehra answered.
3 weeks ago
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That is the expectation and it is very likely. BPCL may sell part of its holding in Petronet LNG and IGL to shed its promoter status tag. This can avoid the need for open offer. BPCL owns 12.5% in Petronet LNG and 22.5% in IGL. Government now wants to sell its entire 52.98% stake in BPCL for about Rs.54,000 crore. The final decision by DIPAM on this issue is pending.

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