Home Business IOC-BPCL likely to buy 26% stake each in GAIL at more than...

IOC-BPCL likely to buy 26% stake each in GAIL at more than Rs 400 billion

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Lucky Jain
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(G.N.S) Dt. 18 New Delhi State-owned Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) may buy 26 per cent stake each in gas utility GAIL India Ltd, paying the government over Rs 200 billion each to become integrated energy firms. Following Finance Minister Arun Jaitley’s February 2017 Budget

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