BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM
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Nifty, Sensex will follow global cues on tech stocks and inflation – Weekly closing report
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Bharat Petroleum Corporation Ltd to sell stake for Rs 9,876 crore
The privatisation-bound BPCL added that it will sell its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
| 2 March 2021 2:22 AM GMT
NEW DELHI: The Bharat Petroleum Corporation Ltd (BPCL) on Monday said that it will exit Numaligarh Refinery in Assam. The privatisation-bound BPCL added that it will sell its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
With this sale of the Numaligarh Refinery Ltd, the way has been cleared for privatisation of India s second-largest fuel retailer.
Equity indices up 1 pc, energy and IT stocks gain ANI | Updated: Mar 02, 2021 10:29 IST
Mumbai (Maharashtra) [India], March 2 (ANI): Equity benchmark indices were in the positive terrain during early hours on Tuesday with energy and IT stocks witnessing substantial gains amid positive global trends.
At 10:15 am, the BSE S&P Sensex was up by 514 points or 1.03 per cent at 50,364 while the Nifty 50 ticked up by 154 points or 1.03 per cent to 14,915.
All sectoral indices at the National Stock Exchange were in the green with Nifty IT up by 2.1 per cent, realty by 0.9 per cent and private bank by 0.7 per cent.
Among stocks, Bharat Petroleum Corporation rose by 5.4 per cent to Rs 479.85 per share after the company said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.