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The Times of India

Business

Bloomberg

Government shelves BPCL privatisation for now as bidders exit

BPCL Bharat Petroleum Corporation India New Delhi Petroleum Vedanta

NEW DELHI: India has stalled the privatisation of state-owned refiner Bharat Petroleum Corporation Limiter (BPCL) as most bidders walked out of the process, according to an official with direct knowledge of the matter.

There was only one potential buyer left in the fray for purchasing the government’s 53% holding in the company.

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