BPRL Ventures B.V., an indirect wholly owned subsidiary of Bharat Petroleum Corporation Limited, acquires entire stake of IBV Brazil Petroleo Limitada at the value of $270 million. The company updates the exchange about acquisition on Thursday, June 27.
On 26 June, BPCL approves the offer of BPRL Ventures B.V. by National Company Law Tribunal, Mumbai for acquisition of entire stake of IBV Brazil Petroleo Limitada.
BRPL Ventures B.V. acquires the entire stake of IBV Brazil Petroleo Limitada from Videocon Energy Brazil Limited for a consideration of up to USD 270 Million, the deal worth Rs. 2253 crore in Indian Currency.
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