Business Services Industry
India finalizes plans for sale of oil stakes.
Australasian Business Intelligence, January, 2003
Jan 29, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
The Indian Government has reaffirmed its commitment to the privatisation of the oil sector. The Government is offloading 35 and 34 of Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), respectively. It has ensured that state-owned companies cannot be involved in the bidding process and that employees of the two petroleum firms have the chance to buy shares. Reliance Industries Limited and Royal Dutch/Shell are reportedly interested in obtaining a stake in HPCL.
Publication Date: 28 January 2003
HINDUSTAN PETROLEUM CORPORATION
LIMITED:
BHARAT PETROLEUM CORPORATION LIMITED:
ROYAL DUTCH/SHELL GROUP OF COMPANIES:...
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