In a stock exchange filing, the company said the government has through a letter dated June 3, 2022, called off the present tender to sell its entire 53 per cent stake in the company, , BPCL disinvestment
It said that decision on the re-initiation of the strategic disinvestment process of BPCL will be taken in due course based on review of the situation, , BPCL disinvestment
Initially, the government had aimed to raise $8-$10 billion from selling its full stake in BPCL. Having drawn up plans four years ago, it invited bids in 2020, hoping major players such as Russia s Rosneft might be interested, , BPCL disinvestment