In the midst of global economic realignment and strategic asset review, the Indian government has announced plans to divest up to a 4.83% stake in the shipbuilding giant Mazagon Dock Shipbuilders. This transaction is expected to mark a significant step in optimizing the national asset portfolio while opening up fresh opportunities for engagement in the financial markets.

BP is reshaping its investment portfolio by offloading select assets in favor of ramping up investments in oil and gas. Recently, the company announced the sale of its stake in the entity that invested in the TANAP gas pipeline—which connects Azerbaijan and Turkey—for 1 billion dollars to Apollo Global Management. This move reflects BP’s strategic asset optimization in the context of the global energy transition and its efforts to streamline its portfolio.