May 29, 2021 3:13 pm
SEBI regulations require that any acquirer taking a promoter or controlling stake in a firm, make an open offer for an additional 26 per cent of the shares held by minority shareholders. The regulation is aimed at giving minority shareholders a right to exit when ownership changes hands.
May 25, 2021 3:26 pm
BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.
December 25, 2020 8:32 pm
The blast occurred on December 22 around 8 am, at the Garden city bungalows residential area in Panchvati area of Kalol taluka, resulting in the collapse of two bungalows.
November 19, 2020 10:59 am
Vedanta Limited is the holding company of Cairn India, which accounts for around a quarter of India’s annual crude oil output. The deadline for submission of EoIs for BPCL was November 16.
November 18, 2020 2:36 pm
Vedanta's interest in India's second largest fuel retailer is because of synergies with its existing oil and gas business.
September 29, 2020 11:19 am
The company had posted a profit of Rs 2,076 crore despite GRM being low on the back of inventory gains from a revival in the price of crude oil from lows of around $20 per barrel in April.
September 08, 2020 11:43 am
The move will not necessarily lead to opening up of subsidised LPG segment to private players, according to a senior government official.
September 05, 2020 12:56 am
According to sources, all employees of BPCL who have worked for the company for at least 5 years, numbering around 10,000, will be offered ESOPs under the scheme.
July 23, 2020 9:40 am
The government has already set in motion privatisation plans for large PSU companies BPCL, Air India, Container Corporation of India, and Shipping Corporation of India.
May 27, 2020 3:07 pm
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.