BPCL to discontinue all the activities associated with its disinvestment

Bharat Petroleum Corporation Limited (BPCL) has decided to terminate all activities in connection with the disinvestment of the government’s’ sta­ke in BPCL. The Government of India recently decided against divesting its stake in BPCL on account of lack of offers. In addition, the turbulent energy markets dissuaded the government from going ahead with the disinvestment. The Department of Investment and Public Asset Management also stated that all the expressions of interest received from qualified institutional parties will be cancelled.