Govt may raise foreign investment limit to aid BPCL sale1 min read 14 Jun 2021, 08:49 PM IST
If the cabinet clears the proposal, overseas funds would no longer need govt approval to purchase a 100% stake in state-run refiners cleared in-principle for disinvestment. The limit will stay 49% for firms not lined up for asset sales
India is considering making it easier for foreign investors to acquire control of Bharat Petroleum Corp., according to people familiar with the matter, as the government tries to sell the state firm and bridge a widening budget deficit.
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