BPCL at the end of market close on September 27 had a market capitalization of about Rs 1.02 lakh crore and even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500 crore plus a control-and-fuel-market-entry premium ranging anywhere between Rs 5,000 crore to Rs 10,000 crore, officials said.
Tag: mukesh ambani
Looking to foray into banking business, Mukesh Ambani’s Reliance Industries (RIL) has teamed up with state-run behemoth SBI to apply for a payments bank license. This would bring together the nation’s largest banking network and pan-India telecom and retail setup. RIL and SBI put in a joint application to the Reserve Bank of India (RBI) […]