Exclusive | JACKPOT for BPCL shareholders; Company plans to sell some assets, pay dividend of Rs 50-80; Anil Singhvi recommends investment

Stocks to Buy with Anil Singhvi – BPCL - If you own BPCL stock, then be ready to reap high dividend. As the developments around the ongoing disinvestment plans progress, BPCL stock is further fortifying its position. Zee Business Executive Editor Swati Khandelwal brings this exclusive news in chat with Managing Editor Anil Singhvi. 

Khandelwal said that BPCL is planning to sell a stake in the non-core assets. The company has stakes in Petronet LNG, IGL and through a stake sale it ix expected to garner Rs 12000-Rs 15,000 cr, Khandelwal said.

See Zee Business Live TV Streaming Below:

BPCL could announce a “special dividend” from the money that it raises by selling its stakes in Petronet LNG and IGL, she added. 

Citing her top sources, she said that the investors can expect a dividend of Rs 50-80. This dividend payout will however, be in parts, she said. 

#ZBizExclusive | #BPCL के शेयर होल्डर्स भारी भरकम डिविडेंड के लिए हो जाएं तैयार !

कंपनी की विनिवेश से पहले नॉन-कोर एसेट्स बेचकर ₹50-80/प्रति शेयर का बड़ा डिविडेंड देने की योजना- सूत्र

अनिल सिंघवी- BPCL में लॉन्ग टर्म में बनेगा भरपूर पैसा#Dividend @AnilSinghvi_ @SwatiKJain pic.twitter.com/82lo09H7LZ

— Zee Business (@ZeeBusiness) March 22, 2021

This disinvestment process is ongoing and the government is planning to complete it by Q2 of the next quarter. 

The Market Guru has been telling investors not to worry as the dividend by BPCL is likely to be very good. Singhvi reiterated his stand that investors who buy BPCL stock with a long-term view will earn handsome returns. This is a big litmus test for the government. The government is not likely to fail in it.  

BPCL will sell is stake in the companies like LNG Petronet, IGL and even in some unlisted companies and give dividends to the shareholders, Singhvi said.  

He said that the Rs 5 dividend from the stake sale of Numaligarh Refinery was low because the financial closure of this deal is yet to happen. Investors can expect a bigger dividend payout by April end or May beginning, the Managing Editor said.    

BPCL stock was trading around Rs 442. If the stake sale of non-core assets is taken into account, the dividend payout will be even higher, he said.