BHARAT PETROLEUM CORPORATION LTD : ACQUIRES 40% STAKE IN TIKI TAR AND SHELL INDIA PVT LTD FOR RS 85 CR

• Bharat Petroleum Corporation Limited (BPCL) to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL). • The acquisition is driven by the need to capture the growing market for Value-Added Bitumen (VAB). • Deal value is ₹85 Crores for the 40% equity stake. • Indicative time period for completion of the acquisition is 90 days. • TTSIPL operates in the bitumen and bituminous products business, with presence in India, Nepal, Bhutan, and Bangladesh. • Turnover for March 2024 was ₹317.76 Cr; March 2025 was ₹545.16 Cr; March 2026 is projected at ₹404.60 Cr.

Bharat Petroleum Corporation Ltd

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