PIB News Update: Shri Anurag Singh Thakur, Union Minister for State for Finance & Corporate Affairs, has informed that The Government of India’s paid-up share capital in Bharat Petroleum Corporation Ltd (BPCL) is Rs 1,048.15 crore, which is equal to 53.29% of total paid-up share capital of BPCL.
Disinvestment is being undertaken as per the procedure for strategic disinvestment approved by the CCEA on 17.02.2016, and as further modified on 3.10.2019. The completion of the procedure and expected realization from strategic disinvestment in BPCL will depend on the prevailing market conditions and the investor’s interest at the time of sale.