BPCL to sell 49% stake in Bharat Shell Ltd

Bharat Petroleum Corporation Ltd (BPCL) has announced that the Board of Directors of the Company at its meeting held on February 21, 2007, has approved the proposal with regard to sale of 49% shareholdings held by the Company in Bharat Shell Ltd to Shell Overseas B.V. and accordingly necessary Agreement with Shell Overseas Investment B.V. will be entered into by the Company, subject to the regulatory and government approvals.

Source : Equity Bulls

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