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Bharat Petroleum Corporation hikes stake in Petronet CCK

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Capital Market

Increases stake holding to 68.97% of the paid up share capital of PCCKL

Bharat Petroleum Corporation has acquired additional 19,973,332 equity shares of Rs 10 each of Petronet CCK (constituting 19.97% of the paid up equity share capital of PCCKL) from a financial investor of PCCKL.

With this acquisition, PCCKL becomes a subsidiary of BPCL with BPCL holding 68.97% of the paid up share capital of PCCKL.

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First Published: May 29 2015 | 5:05 PM IST

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