At meeting held on 01 March 2021The Board of Bharat Petroleum Corporation (BPCL) in its meeting held on 01 March 2021 has approved the proposal for sale of entire equity shares i.e. 45,35,45,998 equity shares of Rs 10 each held by BPCL in Numaligarh Refinery (NRL) (constituting 61.65% of the total
equity capital of NRL), a material subsidiary company of BPCL to a consortium of Oil India
and Engineers India (consortium); and to Govt. of Assam, or only to the said
consortium in case Govt. of Assam does not participate in purchase of said shares, in such
proportion and on such terms and conditions as approved by the Board.