PSUs

Government may shed its entire stake in BPCL

By IndianMandarins- 17 Jun 2021
293

government-may-shed-its-entire-stake-in-bpcl

New Delhi (17.06.2021): The Corona funding, involving free vaccination, food grants, etc, has made such a dent in Government finances that a section of official policymakers has veered around to the view of letting foreign investors take the full 52.98% Government stake in BPCL which is up for disinvestment.

Whether or not the higher direction of the Government will consider such a move politically feasible remains to be seen.

If it is at all approved, this decision may remain limited to BPCL, while the limit of 49% will remain in vogue for PSUs not lined up for asset sales.

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