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BPCL 
Reputation: 642,681 • Jun 24, 2023 10:41 AM
Indian Oil and BPCL pick rights issue, HPCL chooses preference share route to raise capital
Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL) plan to launch rights issues while Hindustan Petroleum Corporation (HPCL) will issue preferential shares to the government in the current financial year. The government had set aside INR300bn ($4bn) for capital support for the government-owned firms. This support was conditional on the state-run oil marketers submitting capital investment plans for 2023-24.
The Economic Times
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