BPCL has submitted a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimating about an acquisition. This is a follow-up to a previous intimation dated 30th May 2025.
On 29th June 2026, BPCL signed an agreement to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL). TTSIPL is described as a joint venture company of the Tiki Tar Group and Shell Gas B.V.
Key Transaction Details
Related Party Status: The acquisition has been confirmed as not falling under a related party transaction. Promoter/promoter group/group companies have no interest in the entity being acquired.
Industry: The target entity, TTSIPL, operates in the Oil and Gas sector.
Strategic Rationale: BPCL's acquisition is a strategic move primarily driven by the need to capture the rapidly growing market for Value-Added Bitumen (VAB) in India's booming infrastructure sector.
Regulatory Approvals: The necessary governmental approval from DIPAM (Department of Investment and Public Asset Management) has been obtained.
Timeline: The indicative time period for the completion of the acquisition is 90 days from the date of the agreement.
Consideration: The acquisition will be made through a cash consideration.
Cost of Acquisition: The total cost for acquiring the 40% equity stake is ₹85 Crores.
Shareholding Acquired: BPCL will acquire a 40% equity stake in TTSIPL.