“Till a year ago, global energy majors were holding discussions for the BPCL stake sale. On Monday, the Centre said it has received expressions of interest (EOIs) from “several" domestic and international investors for BPCL’s stake sale. “Vedanta’s EoI for BPCL is to evaluate potential synergies with our existing oil and gas business. In the wake of the pandemic, the government had extended the deadline for preliminary EoI in BPCL four times this year. The tepid response for the BPCL stake sale is a result of that," said an analyst, also seeking anonymity.

Source: Mint November 20, 2020 01:18 UTC