N50-ANALYST

Big Block Deal

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NSE:BPCL   BHARAT PETROL CORP
Zee Business Managing Editor Anil Singhvi said that today there was a Big Block Deal that went through on BPCL . The company is going to sell 16 cr shares worth Rs 7000 cr via Block Deal. Treasury shares means the company that has its own shares, explains Singhvi. Generally, companies sell Treasury shares and try to avoid keeping them. So, while investors get the shares, the company gets the cash
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