#BPCL is one of the other four blue chips that are about to undergo privatization. The Government of India will divest its 53.29% stakeholding in the company.
The other companies in the divestment list include Concor, SCI, THDC, and NEEPCO.
However, #Moody, the Global Credit Rating Agency has recently given BPCL “a credit negative”.
Moody believes that divestment in BPCL would break all its government links and lead to bond redemption.
So, beware before investing in this rising #BPCLshare.