There are some short term blips but in the long run, the fundamentals remain strong.
If fundamentals had changed drastically, then demand would have been very, very low.
The Indian government is looking at selling its 53.29 per cent stake in BPCL to a strategic investor.
It’s time we looked more at export and not domestic demand, says , NITI Aayog VC.
Currently, the dividend policy and its collection is handled by the economic affairs divison.
The government has around 53.3% stake in BPCL and is hoping for a good response from foreign participants.
Air India Express, Air India SATS are likely to be part of the stake sale deal.
ET Now reported that the government is planning residual stake sale in the company.
Sources said the government has identified four companies for strategic stake sale this financial year.
Sanyal said the prevailing slowdown is demand-driven, which is a result of various factors, including higher real interest rates.
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