14
Apr
25th March, 2021 was a historic day for the stakeholders of NRL and OIL, and the employees and their families of these two great Organizations. On this day, Share Purchase Agreement (SPA) was signed between BPCL and consortium of OIL & EIL for sale of 43.05 crore shares in NRL to the consortium at a consideration of Rs.9,375.96 crore. EIL paid Rs.700 crore for 3.21 crore shares while OIL bought 39.84 crore shares for Rs. 8,675.96 crore. The remaining 2.29 crore equity shares held by BPCL have been purchased by Government of Assam for Rs. 500.00 crore. With these transactions,…