BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL

Bharat Petroleum Corporation Ltd (BPCL) holds 12.5 per cent of the shareholding in India#39;s largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.

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