Acquisitions29 Jun 2026, 02:12 pm
BPCL Acquires 40% Stake in Tiki Tar and Shell India
AI Summary
Bharat Petroleum Corporation Ltd (BPCL) has signed an agreement to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL) for ₹85 Crores. This strategic acquisition aims to capitalize on the growing demand for Value-Added Bitumen (VAB) in India's infrastructure sector. TTSIPL, incorporated in 2019, operates in the marketing, processing, and selling of bitumen and related products, with a presence in India and export markets. The acquisition is expected to be completed within 90 days, with DIPAM approval already obtained. TTSIPL reported a turnover of INR 404.60 Crores for March 2026.
Key Highlights
- BPCL to acquire 40% stake in TTSIPL for ₹85 Crores.
- Acquisition targets growing Value-Added Bitumen market.
- TTSIPL turnover was INR 404.60 Crores in March 2026.
- Acquisition expected to complete within 90 days.
- DIPAM approval has been secured for the transaction.
Price Impact
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