NEW DELHI (AFX) – The cabinet has cleared the sale of Bharat Petroleum (BPCL) and Hindustan Petroleum Corp Limited (HPCL), privatisation minister Arun Shourie said. He told reporters that 35.2% of BPCL willd be sold to domestic and overseas investors through equity issues. He said 5% will be offloaded to employees with the government retaining…
INDIA: Cabinet clears privatisation of Bharat Petroleum, Hindustan Petroleum
Posted on January 28, 2003 by EnergyAsia