Announced Mon, 29 Jun · 14:16 IST
BPCL to acquire 40% stake in Tiki Tar and Shell India for Rs 85 Cr
BPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹309.90
prior close
₹300.65
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.0-0.1-1.9-1.9+0.2-0.7-0.5-2.1+2.4———
Up moveDown movePending
AI summary
BPCL will acquire 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL), a joint venture of Tiki Tar Group and Shell Gas, for Rs 85 Crores in cash. TTSIPL markets bitumen products with recent turnover of about Rs 404 to 545 Cr. DIPAM approval has been obtained and deal is expected to close in 90 days. Not a related party transaction. The move targets Indias growing value-added bitumen market driven by infrastructure demand.
Likely market impact
Small-ticket strategic bet on high-growth bitumen segment; limited near-term financial impact but strengthens BPCLs infrastructure focus.