London Based Vedanta Resources run by Anil Agarwal has shown a keen interest in buying the government run Bharat Petroleum Corp Ltd (BPCL). Vedanta group is currently in talks with multiple banks including JP Morgan to arrange as much as $8 Billion to acquire BPCL. Vedanta’s interest in BPCL is driven by their already existing oil and gas business called Cairn India which also provides a quarter of India’s crude oil.
Vedanta Resources keen on acquiring BPCL, plans to raise $8 Billion
