Government is expecting Rs 90,000 crore from the disinvestment process of BPCL which is double the valuation of the stock. The potential buyer will get a 52.98% stake in BPCL and get access to a 25.77% market share in India’s fuel retailing segment. India has so far raised around ₹12,225 crore from divestment proceeds. Currently, Vedanta Group, Apollo Global and I Squared Capital have submitted their EOIs for BPCL. The government’s target price for its 52.98% stake is based on the value of BPCL’s asset valuation.