STOCK SPECIFIC - 18/05/2022 BHARAT PETROLEUM SOLD TO PRIVATE

BPCL Bharat petroleum corporation Ltd owned by government of India by having 52.98% stake in the company.


Our government through privatisation policy  tried to divestment BPCL's whole equity for almost four years. But it ended in pain, no one showed interest in buying BPCL.

So they are now to planning to sell 20 to 25% stake first.

Why government is planning to sell BPCL?
Please refer this website Livemint


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