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Vedanta’s interest in India’s second-largest fuel retailer is because of synergies with its existing oil and gas business.
The government is selling its entire 52.98 per cent stake in BPCL and the last date of putting EoI was November 16.
“Vedanta’s EoI for BPCL is to evaluate potential synergies with our existing oil and gas business,” the company spokesperson said in a statement. “The EoI is at a preliminary stage and exploratory in nature.”
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