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Bharat Petroleum to sale its entire shareholding of 61 65% in Numaligarh Refinery

URL copied Bharat Petroleum to sale its equity in Numaligarh Refinery Privatisation bound public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said on Monday that its board has approved the proposal for sale of the company s equity shares in the Numaligarh Refinery Ltd (NRL) to a consortium of Oil India Limited and Engineers India Limited, along with the government of Assam. BPCL is selling its entire shareholding of 61.65 per cent in NRL to the consortium as part of its sell-off process that mandated separation of the Assam-based refinery before the strategic sale. As per the information shared with the stock exchanges, BPCL said that in case the government of Assam doesn t participate in the purchase of shares in NRL, its entire shareholding will be sold to the consortium.

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BPCL to use Rs 9,876 crore from Numaligarh Refinery sale to pay shareholders

BPCL to use Rs 9,876 crore from Numaligarh Refinery sale to pay shareholders
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52-week high: Stock market update: 168 stocks hit 52-week highs on NSE

Overall, 34 shares were trading in green in Nifty50 index, while 15 were trading in red in the afternoon trade.

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BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale

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