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Shares of Nagarjuna Oil Corp and Bharat Petroleum Corp will remain in focus, as the latter is eyeing the former. In a notice to the stock exchanges, BPCL said its board has approved a proposal to participate in the insolvency resolution process. The PSU major “will look at this as an opportunity” and will submit a resolution plan to the professional by March 17, the company said in a statement to the stock exchanges. Investors will closely monitor the development.
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