Made Sense Of: Why Bharat Petroleum Corp Divestment Is On The Sluggish Track

Delays in reasonable level of effort, strategy darkness and presently the Ukraine emergency have carried the cycle to a close stop

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BPCL | Bharat Petroleum Corporation | Bharat Petroleum

In December 2019, the India arm of Deloitte Touche Toh­matsu amazed numerous with its super serious bid to turn into the exchange counsel for the country’s biggest key disinvestment in Bharat Petroleum Corporation (BPCL). The worldwide major cited just Rs 1; the second-most elevated bidder, SBI Caps, allegedly cited Rs 15-17 crore.

For Deloitte, the inspiration was to sack a lofty arrangement adding a public energy organization to its portfolio. Most likely, it anticipated that BPCL should go to a marquee purchaser in fast time. Yet, after 27 months, in March 2022, the much advertised bargain was stuck. …

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