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Cabinet to review BPCL sale proposal next week

By Reuters

  • 06 Nov 2019
Cabinet to review BPCL sale proposal next week
Credit: VCCircle

India’s cabinet is expected to evaluate a proposal to sell the government’s stake in state-run Bharat Petroleum Corp (BPCL.NS) next week, a government source said.

The Indian government plans to sell its entire 53.29% stake along with management control in BPCL for about $10 billion.

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