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Saturday, June 19, 2021



Explained: Why BPCL might seek a SEBI exemption before divestment

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.

BPCL may sell some stake in IGL, Petronet to shed promoter status

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.

Blast that killed 2 in Kalol society: Probe finds old oil pipeline beneath collapsed houses

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.

Vedanta confirms bid for BPCL, calls it ‘exploratory’

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.

Vedanta puts in expression of interest to buy government stake in BPCL

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.

Privatisation could ‘unlock tremendous value’: BPCL CMD

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.

BPCL to continue offering subsidised LPG ‘for some time’ post privatisation

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.

BPCL plans to offer 2% stake to employees through ESOPs

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.

Explained: What is the government's new policy on the strategic sector?

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.

Government extends BPCL bid deadline to July 31

May 27, 2020 3:07 pm

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.