Government considering FDI policy tweak to facilitate BPCL privatisation

At present, only 49 per cent FDI is permitted through automatic route in petroleum refining by the public sector undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs. With this provision, a foreign player would not be able to buy more than 49 per cent stake in BPCL.

from Energy-Industry-Economic Times https://ift.tt/3i50kxj