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BPCL holds 12.5 per cent of the shareholding in India s largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, Indraprashta Gas Ltd (IGL). It is a promoter of both the listed companies and holds board positions.
Bharat Petroleum Corporation Ltd (BPCL) on Friday said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company's owner avoid making an open offer for the two gas companies. V R K Gupta, Chief Financial Officer, BPCL, said market regulator SEBI has not yet responded to an application made for exempting the new owner of BPCL from
Billionaire Mukesh Ambani s Reliance Industries is weighing a bid for Deutsche Telekom AG s Netherlands subsidiary, according to people familiar with the matter, Bloomberg reported.