Cabinet approves sale of 5 PSUs; 2 year moratorium on spectrum dues

Finance Minister Nirmala Sitharaman on 20th November, said the Cabinet has given the in-principle approval for disinvestment in select CPSEs. This includes the government’s stake of 53.2 percent Bharat Petroleum Corporation Limited (BPCL). This is excluding BPCL?s 61% equity shareholding in Numalighar Refinery, based in Assam. Entire management control of BPCL to be transferred to …

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