The privatisation of key companies, including BPCL, is a key part of government plans to pare the fiscal deficit, which has breached its target level just four months into the current fiscal year. Industry sources last year estimated the government#39;s 53.29% stake in BPCL could fetch $8 billion to $10 billion.BPCL sale may be delayed to next fiscal year, worsening federal deficit woes: Sources
The privatisation of key companies, including BPCL, is a key part of government plans to pare the fiscal deficit, which has breached its target level just four months into the current fiscal year. Industry sources last year estimated the government#39;s 53.29% stake in BPCL could fetch $8 billion to $10 billion.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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