SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

BPCL inks agreement to acquire 21% stake in FINO Pay Tech for Rs 251 crore

30 Jul 2016 Evaluate

Bharat Petroleum Corporation (BPCL) has entered into an agreement for acquiring a 21% stake (on a fully diluted basis) in the share capital of FINO Pay Tech for a consideration of Rs 251 crore in an all cash deal. The definitive agreements to this effect were signed on July 29, 2016 and the transaction is expected to be completed by December 31, 2016.

FINO Pay Tech is one of the entities to have been granted an in principle approval by the Reserve Bank of India (RBI) for setting up a Payments Bank. FINO Pay Tech is a payments technology solutions provider to banks, financial institutions and MFIs.

BPCL plans to leverage its marketing network to participate in the financial inclusion initiative in the country. This partnership coupled with the ultimate launch of the Payments Bank by Fino Pay Tech will offer an excellent platform for providing customized offerings to different segments of customers and thereby drive the business of fuel and non-fuel offerings.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.


BPCL Share Price

302.70 3.85 (1.29%)
06-May-2026 10:40 View Price Chart
Peers
Company Name CMP
Reliance Industries 1451.90
Indian Oil Corp. 143.95
BPCL 302.70
HPCL 380.00
MRPL 153.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×