The union cabinet has given its approval for the sale of Bharat Petroleum Corporation's (BPCL) 49% equity stake in Bharat Shell to Shell or its affiliate for Rs 152.40 crore."The proposed sale will allow BPCL to withdraw from a joint venture company which has a competing business interest, namely, production and sale of branded lubricants", said P R Dasmunsi, the Union Minister for Information, Broadcasting and Parliamentary affairs.
