The Government of India’s paid-up share capital in Bharat Petroleum Corporation Ltd (BPCL) is ₹ 1,048.15 crore, which is equal to 53.29% of total paid-up share capital of BPCL.

This was stated by Shri Anurag Singh Thakur, Union Minister for State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

Disinvestment is being undertaken as per the procedure for strategic disinvestment approved by the CCEA on 17.02.2016, and as further modified on 3.10.2019. The completion of the procedure and expected realization from strategic disinvestment in BPCL will depend on the prevailing market conditions and the investor's interest at the time of sale.

Disinvestment of BPCL proceeding under strategic disinvestment procedure, subject to market conditions and investor interest. Disinvestment of Bharat Petroleum Corporation Ltd is being undertaken while the Government of India holds 53.29% of paid-up share capital, pursuant to the strategic disinvestment procedure approved by the Cabinet Committee on Economic Affairs on 17.02.2016 and modified on 03.10.2019, with completion and realization contingent on prevailing market conditions and investor interest at the time of sale.