Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

BPCL Potential Privatization - Implications for Bondholders

Event-Driven

<p><a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:10222:1">Bharat Petroleum Corp (BPCL IN)</a> is engaged in the business of refining crude oil and marketing of petroleum products. It is India's second largest Oil Marketing Company (OMC) and sixth largest company by turnover.</p><p>The Government of India holds 53.29% of the company and is looking to sell its stake to raise funds to meet its divestment target for the fiscal year and bridge the fiscal deficit. In this Insight, we take a look at the company structure, the ways in which privatisation could be achieved, potential suitors for the stake and the price offered, implications for investors due to the open offer that would need to be made and due to changes in the free float weighting in the local/global indices.</p>

Bharat Petroleum Corp (BPCL IN) is engaged in the business of refining crude oil and marketing of petroleum products. It is India's second largest Oil Marketing Company (OMC) and sixth largest company by turnover.The Government of India holds 53.29% of the company and is looking to sell its stake to raise funds to meet its divestment target for the fiscal year and bridge the fiscal deficit. In this Insight, we take a look at the company structure, the ways in which privatisation could be achieved, potential suitors for the stake and the price offered, implications for investors due to the open offer that would need to be made and due to changes in the free float weighting in the local/global indices.

BPCL - Thoughts on the Potential Government Stake Sale