InvestorQ : Is it true that LIC has increased its stake in BPCL?
Khushi Patel made post

Is it true that LIC has increased its stake in BPCL?

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Dhwani Mehta answered.
2 months ago
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Over the last 9 months, it is reported that LIC acquired over 2% stake in BPCL for about Rs1,598 crore. LIC has raised its stake in this period in BPCL from 7.03% to 9.04%. Most of the shares were purchased in the ordinary course with an average purchase price of Rs336.43 per share. BPCL was one of the prime candidates for government divestment but due to valuation related issues, the plan has been laid low.

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