BPCL divestment deep dive: Equity valuation expected between Rs 700-900/share
Updated : December 13, 2019 03:36 PM IST
BPCL’s refining business is valued at 7.5x FY21 EV/EBITDA, in line with the valuation for Saudi Aramco’s stake in RIL’s refining and pet-chem asset
BPCL also holds a 12.5 percent stake in Petronet LNG, 22.5 percent in IGL, 2.5 percent in Oil India and 22.5 percent in Mahanagar Gas
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