Shares of Nagarjuna Oil Corp and Bharat Petroleum Corp will remain in focus, as the latter is eyeing the former. In a notice to the stock exchanges, BPCL said its board has approved a proposal to participate in the insolvency resolution process. The PSU major “will look at this as an opportunity” and will submit a resolution plan to the professional by March 17, the company said in a statement to the stock exchanges. Investors will closely monitor the development.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.