BPCL Divestment: Who Benefits?

Finance Minister Nirmala Sitaraman's recent announcement on divesting two state-run companies, Air India and BPCL has created a furore. The decision would help the government meet its divestment target of Rs 1 lakh crore in the current fiscal year. With the Reliance Industries expected to play a role in the deal, the question arises that will Reliance become the ultimate beneficiary of the deal?