Bharat Petroleum Corporation (BPCL) has effected the payment of Rs 2399.26 crore to OQ S.A.O.C ("OQ" formerly known as Oman Oil Company S.A.O.C.) for the acquisition of 888,613,336 (36.62%) equity shares in Bharat Oman Refineries (BORL) on 30 June 2021 and the said shares have been transferred to BPCL. With this, BORL has become a wholly owned subsidiary of BPCL.
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