← Back to feedRead original →
VERIFIEDET Finance·neutral
BPCL to buy 40% stake in Shell, Tiki Tar venture to expand value-added bitumen business
AI Summary
- ·BPCL is acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore.
- ·This acquisition marks BPCL's entry into the value-added bitumen market.
- ·The joint venture will combine Shell's technology, Tiki Tar's manufacturing, and BPCL's distribution network.