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BPCL’s arm acquires remaining 39.14% stake in IBV Brasil Petroleo

03 Jul 2026 Evaluate

Bharat Petroleum Corporation’s (BPCL) indirect wholly owned subsidiary -- BPRL Ventures BV has acquired 39.14% stake in IBV Brasil Petroleo Limitada (IBV) for a consideration of Rs 2,312 crore. Post this acquisition, the BPRL Ventures BV’s shareholding in IBV has increased from 60.86% to 100%. 

IBV is a company registered in Brazil and is involved in exploration and production of oil and gas. The acquisition provides access to additional equity oil and gas to the company thereby contributing to India’s energy security.

Bharat Petroleum Corporation is a leading Oil and Gas company, providing services to both retail and bulk customers.

Bharat PetroleumCorp Share Price

308.20 -2.25 (-0.72%)
03-Jul-2026 16:59 View Price Chart
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Company Name CMP
Reliance Industries 1304.25
Indian Oil Corpn. 141.60
Bharat PetroleumCorp 308.20
HPCL 399.35
MRPL 150.20
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