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$7 billion BPCL sale slows on Covid-19 pandemic, LIC IPO: Report

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coronavirus pandemic and other government initiatives such as the initial public offering of the nation’s biggest insurer, according to people familiar with the matter.

The discussions with investors on the stake sale of Bharat Petroleum Corp., from which the government could fetch about $6.9 billion, haven’t progressed much recently, the people said.

The disposal may only take place as soon as early next year, one of the people said, asking not to be identified as the matter is private.

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