Asset strip, two-phased share sale proposed to make BPCL attractive

Sources said that trifurcation of BPCL's assets may be carried out before the government's shares are put up for sale to strategic investors. Also, the government's 53.29% in the co may be sold in two phases with only between 28-30% of the equity shares to be offered in the first phase to strategic investors with transfer of management control.

from Energy-Industry-Economic Times https://ift.tt/339luz3