Divestment4 Jun 2026, 12:13 pm
Confidence Petroleum: BW LPG Divests Entire Shareholding
AI Summary
Confidence Petroleum India Ltd has confirmed the divestment of its entire shareholding by BW LPG Shipping FZCO (formerly BW LPG Infrastructure DMCC). The divestment was effective from June 2, 2026, with the company receiving the disclosure on June 3, 2026. Consequently, all agreements between Confidence Petroleum and BW LPG, related to the November 30, 2023 agreements, have been terminated. BW LPG Shipping FZCO previously held 8.50% of the total share capital.
Key Highlights
- BW LPG Shipping FZCO divested its entire stake in Confidence Petroleum.
- Divestment effective June 2, 2026; disclosure received June 3, 2026.
- All prior agreements between parties are terminated.
- BW LPG previously held 8.50% of the company's shares.
Price Impact
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