Heard on Street : Promotores of Reliance Industries Ltd., India’s biggest private conglomorate are acquiring stake from market in HPCL i.e. Hindustan Petroleum Corporation Limited , one of the three PSU undetaking of Govt. of India.
Persons related to this information says that this is due to Exit POlls showing a huge win for Mr. Modi led NDA govt as in its previous avatar , NDA in its government had tried to privatise BPCL i.e. Bharat Pertoleum Corporation Ltd.