Bharat Petroleum Corp. Ltd. (BPCL) to acquire 40% stake in Tiki Tar and Shell India Private Limited (TTSIPL) for ₹85 crore

Exam-focused facts from the 4 July 2026 current affairs briefing.

Key facts

Bharat Petroleum Corp. Ltd. (BPCL) has signed an agreement to acquire a 40 per cent equity stake in Tiki Tar and Shell India Private Limited (TTSIPL) for a cash consideration of ₹85 crores.
The Department of Investment and Public Asset Management (DIPAM) has granted approval for the acquisition, which has an indicative completion period of 90 days.
TTSIPL is a joint venture between Tiki Tar Group and Shell Gas B.V. that provides bituminous products to markets in India, Nepal, Bhutan, and Bangladesh.
The joint venture reported a turnover of ₹317.76 crore in FY24, which increased to ₹545.16 crore in FY25 and stood at ₹404.60 crore in FY26.
TTSIPL was incorporated on 11 October 2019 with an authorised share capital of ₹37 crore and a paid-up capital of ₹36.08 crore.