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Privatisation-bound BPCL may sell some stake in IGL, Petronet


Privatisation-bound BPCL may sell some stake in IGL, Petronet
Premium
A way out could be for BPCL to sell a part of its shareholding in the two firms and shed promoter status, thereby obviating the need for open offers.
4 min read
. Updated: 25 May 2021, 01:01 PM IST PTI
BPCL holds 12.5% of shareholding in India s largest liquefied natural gas importer, Petronet, and a 22.5% stake in city gas retailer, IGL
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Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. ....

Apollo Global , அப்பல்லோ உலகளாவிய ,

Movers and Shakers: Stocks that will see action this week - The Hindu BusinessLine


Movers and Shakers: Stocks that will see action this week
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Updated on
Hits new all-time high
The stock of Cadila Healthcare, which had been moving down gradually since the beginning of the year, found support at ₹420 by the end of March. The 200-day moving average coincided at ₹420 then and thus the bulls capitalised on the support to turn the tide in their favour. That is, since taking support at this level, the scrip has been appreciating with considerably good momentum. As a result, the stock rallied past the previous high of ₹509.2 and extended the gain. The price action looks bullish now and it is supported by indicators like the relative strength index and the moving average convergence divergence on the daily chart as they remain in their bullish territories. Also, the rally is accompanied by large volume. Hence, traders can buy the stock with a stop-loss at ₹540 for a target of ₹620. ....

Cadila Healthcare , Avenue Supermarts , Avenue Supermart , L Amp T , காடிலா சுகாதாரம் , அவென்யூ சூப்பர்மார்ட் , ல் ஆம்ப் டி ,

Cochin SEZ seeks more time to put house in order after GAIL exit


Cochin SEZ seeks more time to put house in order after GAIL exit
March 04, 2021
The port-based SEZ being developed by Cochin Port Trust   -  The Hindu×
IOCL receives approval for setting up unit in the zone, Petronet may apply too
The port-based SEZ being developed by Cochin Port Trust in Puthuvypeen Ernakulam has asked for more time for de-notification of the area earlier occupied by a unit by GAIL, which has now exited the zone, and the construction of the boundary wall, as directed by the Board of Approval (BoA) for SEZs last year.
The Indian Oil Corporation Limited (IOCL) has now got its own proposal for setting up a unit in the SEZ to manufacture and export lubricant cleared by the Unit Approval Committee last month while Petronet Limited, too, has shown interest in setting up a unit, the Development Commissioner (DC) of the Cochin SEZ (CSEZ) said in a recent submission to the BoA. “The request of the developer for extension of time for compliance of ....

Cochin Port , Unit Approval Committee , Indian Oil Corporation Limited , Cochin Port Trust In Puthuvypeen Ernakulam , Cochin Port Trust , Puthuvypeen Ernakulam , Petronet Limited , Development Commissioner , Commerce Secretary , Cochin Sez , Indian Oil , கொச்சின் போர்த் , அலகு ஒப்புதல் குழு , இந்தியன் எண்ணெய் நிறுவனம் வரையறுக்கப்பட்டவை , கொச்சின் போர்த் நம்பிக்கை , பெட்ரோனெட் வரையறுக்கப்பட்டவை , வளர்ச்சி ஆணையர் , வர்த்தகம் செயலாளர் , கொச்சின் ஸெஸ் , இந்தியன் எண்ணெய் ,