Stock Advisory in Indore -BPCL may acquire stake in GAIL (India)

In a bid to expand its range of business, State-run Bharat Petroleum Corp. Ltd (BPCL) is in talks with the country’s largest natural gas transporter GAIL (India) Ltd to acquire the government’s majority stake in the company for Rs 18,000-20,000 crore, reported a leading news agency.crore, reported a leading news agency.

The government holds a 54.88 % stake in GAIL and as per Friday’s stock closing, BPCL could have to pay around Rs18,000 crore to buy out this stake for the planned merger. The government has been informed about the plan and a normal approval is awaited, said officials from the Finance Ministry.54.88% stake in GAIL and as per Friday’s stock closing, BPCL could have to pay around Rs18,000 crore to buy out ,000 crores to buy out his stake for the planned merger. The government has been informed about the plan and a normal approval is awaited, said officials from the Finance Ministry.,000 crore to buy out,000 crores to buy out his stake for the planned merger. The government has been informed about the plan and a normal approval is awaited, said officials from the Finance Ministry.

GAIL is a perfect fit for BPCL’s expansion plans as it offers them a ready market. BPCL, the country’s second-largest fuel retailer, has a market value of Rs 1.08 trillion, second only to Indian Oil Corp., which had a market cap of Rs 2.01 trillion as of Friday. GAIL is valued at Rs 33,817.61 crore.

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