Confidence Petroleum India Limited has received and confirmed the complete divestment of BW LPG Shipping FZCO's (formerly BW LPG Infrastructure DMCC) entire shareholding in the company.
Key Quantitative Figures
- Shares divested: 2,82,29,120 equity shares
- Percentage holding divested: 8.50% of total paid-up capital
- Face value of shares: ₹1 each
- Total paid-up share capital: 33,22,41,043 equity shares of ₹1 each, amounting to ₹33,22,41,043
- No encumbered shares, warrants, or convertible securities were involved
Parties Involved
- Divesting entity: BW LPG Shipping FZCO (formerly BW LPG Infrastructure DMCC)
- Regulatory recipients: National Stock Exchange of India Limited and BSE Limited
Transaction Details
- Mode of sale: Off-market transaction
- Entire holding of 2,82,29,120 shares (8.50%) was divested
- No shares remain with BW LPG Shipping FZCO post-transaction (0% holding)
Agreement Impact
All agreements entered into between Confidence Petroleum India Limited and BW LPG Shipping FZCO pursuant to or in connection with agreements dated November 30, 2023, stand terminated and cease to have any force or effect with immediate effect from the completion of the divestment.
Capital Structure Impact
- Pre-divestment share capital: 33,22,41,043 equity shares
- Post-divestment share capital: 33,22,41,043 equity shares (no change in total shares)
- The transaction represents a change in ownership without dilution or change to the company's capital structure.