Other Private Equity/Strategic Investments
BPCL to acquire 40% stake in bitumen products seller Tiki Tar and Shell India for Rs.85-Cr
BSE Announcement Business Line Tiki Tar and Shell India
State-run Bharat Petroleum Corporation Ltd (BPCL) is to acquire a 40% equity stake in Mumbai-based Tiki Tar and Shell India for INR 85 crore in cash.Founded in 2019, Tiki Tar and Shell India manufactures and markets bitumen and bituminous products, including VG-grade bitumen, polymer-modified bitumen, crumb-rubber-modified bitumen, and emulsions. The firm’s products are used in the construction of highways and airport runways, with existing export operations to Nepal, Bhutan, and Bangladesh.BPCL intends to utilize this investment to expand its footprint in the domestic value-added bitumen market, driven by the ongoing infrastructure development across India.
For FY25, Tiki Tar And Shell India had reported about Rs.544-Cr in Operating Income and about Rs.11-Cr in PAT.
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