Privatization of BPCL may be pushed to next fiscal year
The financial bids have not yet been called, and we have just three months left. Given BPCL’s borrowings, it will need approval from lenders (long-term agreements have a clause that requires lenders’ approval for promoter changes), which would take a few months, said an officials, who is tracking the sale
MUMBAI : The privatization of state-run Bharat Petroleum Corp. Ltd (BPCL) may be pushed to the next fiscal as the sale process has not progressed at the desired pace, two officials aware of the development said.
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