Why has the privatisation of BPCL been such a hard sell so far?

Last week, when India’s 3rd largest refiner decided to sell a large chunk of its treasury stocks in the market, the brisk response from institutional investors prompted the company and its bankers to upsize the issue to Rs 5,525 crore ($750 million) from the plan initial of $500 million. Within 12 hours, 126 million shares […]

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RIL hives off oil-to-chemicals biz

(This story originally appeared in on Feb 24, 2021) Mumbai: Reliance Industries () will transfer its oil-to-chemicals (O2C) operations to a wholly owned subsidiary for a $25-billion loan, besides $12-billion equity. Consideration for the transfer of the O2C assets, which includes the operating team and 12 manufacturing facilities, will be funded by a $25-billion loan […]

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