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Confidence Petroleum India acquires 99.99% stake in Punjab Petroleum Corporation

03 Jul 2024 Evaluate

Confidence Petroleum India (CPIL) has acquired 99.99% of the equity share capital i.e. 22,50,000 equity shares of face value of Rs 10 each of Punjab Petroleum Corporation (PPCL). Consequentially, Punjab Petroleum Corporation will be a Subsidiary of the Company with effect from July 1, 2024.

The company and PPCL both belongs to Gas and Petroleum Industry and engage in the business of LPG bottling and Cylinder Manufacturing.

Confidence Petroleum India is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The company is engaged in the sale of cylinder, LPG bottling and filling/DPT/transport.


Confidence Petroleum Share Price

52.67 0.05 (0.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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