BPCL Share Price in Focus; To Acquire 40% Stake in Tiki Tar and Shell India for ₹85 Crore

Bharat Petroleum Corporation Limited (BPCL) has signed an agreement to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL), a joint venture of Tiki Tar Group and Shell Gas B.V., as per the exchange filings. 

The acquisition has been made under a cash consideration of ₹85 crore and is expected to be completed within 90 days.  

BPCL To Acquire 40% Stake In TTSIPL 

BPCL said it signed the agreement on June 29, 2026, to acquire a 40% equity stake in TTSIPL. 

The company stated that the transaction is not a related-party transaction and has already received approval from the Department of Investment and Public Asset Management (DIPAM).  

Acquisition Aims to Strengthen Bitumen Business 

According to BPCL, the acquisition is driven by the need to capture the rapidly growing market for value-added bitumen (VAB) in India's expanding infrastructure sector.

The company believes the investment will strengthen its presence in specialised bitumen products used in highways, airport runways and other infrastructure projects.  

About Tiki Tar and Shell India 

Tiki Tar and Shell India Private Limited was incorporated in October 2019 and operates in the marketing, processing, 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. The company also exports products to Nepal, Bhutan and Bangladesh.  

Financial Details of the Transaction 

BPCL will acquire the 40% stake for a cash consideration of ₹85 crore. 

TTSIPL reported a turnover of ₹317.76 crore in FY24, ₹545.16 crore in FY25 and ₹404.60 crore in FY26, according to the financial records shared in the filing.  

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BPCL Share Price Performance 

As of 29 June 2026, at 2:53 PM, BPCL share price was trading at ₹300.20 per share, reflecting a decline of 3.08% from the previous trading session. 

Conclusion 

BPCL has agreed to acquire a 40% stake in Tiki Tar and Shell India Private Limited for ₹85 crore as part of its strategy to expand its presence in the value-added bitumen segment. The acquisition is expected to be completed within 90 days, subject to the terms of the agreement.  

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