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BPCL's Initial Bids For Privatisation Closes Amidst Uncertainty On Potential Buyers. #BWDigest

Bharat Petroleum Corp Ltd's initial bids for privatisation closed on Monday in the midst of signs that UK’s BP Plc, Total of France and Saudi Aramco are unlikely to bid. The government had invited prospective bidders to apply for the bids by 16th Nov, after the deadline had been delayed four times at the behest of potential buyers. The government is selling its entire 52.98% holding in BPCL.

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