India's Leading Oil Refining & Marketing PSU Announces Acquisition of 40% Stake in Tiki Tar and Shell India for Rs 85 Crore

On Monday, Indian benchmark indices traded lower, with the Nifty 50 declining 92.65 points, or 0.39 per cent, to 23,963.35. Amid the weak market sentiment, Bharat Petroleum Corporation (BPCL) share price were trading at Rs 300.35, down 3.03 per cent, after the company announced the acquisition of a 40 per cent equity stake in Tiki Tar and Shell India Private Limited (TTSIPL).

BPCL Signs Agreement to Acquire 40 per cent Stake

BPCL informed the stock exchanges that it has signed an agreement on June 29, 2026, to acquire a 40 per cent equity stake in Tiki Tar and Shell India Private Limited, a joint venture of Tiki Tar Group and Shell Gas B.V. The acquisition will be completed through a cash consideration of Rs 85 crore, with the transaction expected to be completed within 90 days. The required approval from the Department of Investment and Public Asset Management (DIPAM) has already been obtained.

Strategic Expansion in Value-Added Bitumen

According to the company, the acquisition is aimed at strengthening BPCL's presence in India's rapidly expanding Value-Added Bitumen (VAB) market, driven by increasing investments in highways, airports and other infrastructure projects.

The company believes the transaction will help it expand its bitumen product portfolio and benefit from rising demand for specialised road Construction materials as infrastructure development accelerates across the country.
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About Tiki Tar and Shell India

Tiki Tar and Shell India Private Limited was incorporated in October 2019 and is engaged in the marketing, processing, purchasing, importing, exporting and sale of bitumen and bituminous products. Its product portfolio includes VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), Emulsion and Emulsion OB, catering to highway and airport runway construction projects.

The company also exports its products to Nepal, Bhutan and Bangladesh. Its turnover stood at Rs 317.76 crore in FY24, increased to Rs 545.16 crore in FY25, and was Rs 404.60 crore in FY26.

About BPCL

Bharat Petroleum Corporation Ltd is one of India's leading public sector oil and gas companies engaged in refining crude oil, marketing petroleum products and expanding its presence in petrochemicals, natural gas, renewable energy and related businesses. The company operates an extensive nationwide fuel retail and distribution network while continuing to diversify into high-value energy segments.

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Disclaimer: The article is for informational purposes only and not investment advice.