BPCL divestment stalled as government didn't want a single bidder to dictate the narrative

CNBC-TV18 has learnt that the government has stalled the BPCL divestment because it did not want a single bidder to dictate the narrative. The centre is also not keen on a partial divestment.

It is learnt that initially there were three bidders but eventually there was only one left and the government did not want a single bidder situation and therefore decided to stall the sale process.