India to decide on re-initiating BPCL privatisation in ‘due course’, reports say
In May, the government had scrapped the BPCL divestment process as there was just one bidder left in the fray after the two others dropped out due to their inability to tie up funds for the acquisition, an official said. New Delhi had put up its entire 52.98 per cent stake in BPCL for divestment.
