The finance ministry had mooted an alternative proposal to resolve the impasse over the disinvestment of Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) by suggesting that 14.9 per cent equity in each of the two companies be sold to strategic partners, 14 per cent to financial institutions and another 15 per cent to retail investors.
This was disclosed by disinvestment minister Arun Shourie at the book release function of