Why is the government planning a rethink on BPCL divestment?
Answer
Answer
It looks like the government has finally decided to take a fresh look at the BPCL privatisation including revising terms of sale. DIPIAM is veering round to the view that expectations need to be tempered in line with higher inflation, geopolitical tensions and Fed stance. Government plans to sell entire 52.98% in BPCL. Progress has been tepid till date.