Foreign institutional investors (FIIs) have raised their stake in Bharat Petroleum Corporation (BPCL) for the fourth straight quarter ended December 31, 2014. The overseas investors have hiked their holdings by 2.6 percentage points to 15.20% in December quarter from 12.57% as on September 30, 2014. They held 10.14% stake in the company at the end of December 2013 quarter. However, domestic institutional investors (DIIs) have reduced their stake in the company to 13.96% from 15.78% as on September 30, 2014.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.