NSEGeneral Updates1 Jul 2026 · 1 Jul 2026, 05:43 pm
General Updates
Bharat Petroleum Corporation Limited · BPCL
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Bharat Petroleum Corporation Limited has informed the Exchange about General Updates regarding the acquisition of entire stake held by Videocon Energy Brazil Limited in IBV Brazil Petroleo Limitada by BPRL Ventures BV, an indirect wholly owned subsidiary of BPCL, in the Corporate Insolvency Resolution Process of VOVL Ltd.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Bharat Petroleum Corporation Limited has informed the Exchange about General Updates
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BPCL22_01072026174300_stexintimationBPRL_revisedsigned.pdf
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BHARAT PETROLEUM CORPORATION LTD.
3mo:mcl5R<l5T~ A Govt. of India Enterprise
Sec.3.4. 1st July 2026
The Secretary,
The Secretary,
BSE Ltd.,
National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, Plot No C/1, G Block,
Street, Mumbai 400 001
Bandra-Kurla Complex, Mumbai 400051
BSE Scrip Code: 500547
NSE Symbol: BPCL
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015
This is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and further to our earlier intimation dated 27th June 2024 regarding NCLT order
approving the acquisition of entire stake held by Videocon Energy Brazil Limited (VEBL) in IBV
Brazil Petroleo Limitada (a joint venture between BPRL Ventures BV and Videocon Energy Brazil
Limited), by BPRL Ventures BV (an indirect wholly owned subsidiary of BPCL), in the Corporate
Insolvency Resolution Process of VOVL Ltd. (VOVL). All requisite approvals as mandated by
Govt. of India have been received in this regard.
We hereby inform you that BPRL Ventures BV has now executed definitive agreements for the
acquisition of the entire shareholding of VEBL in IBV Brazil Petroleo Limitada, in accordance with
the Corporate Insolvency Resolution process of VOVL. The acquisition is subject to necessary
registration by the appropriate authorities in Brazil. Immediately prior to the execution of the
definitive agreements, BPRL Ventures BV was holding 65.40% of the shareholding in IBV Brazil
Petroleo Limitada and on completion of the aforesaid acquisition, IBV Brazil Petroleo Limitada
shall become a wholly owned subsidiary of BPRL Ventures BV.
IBV Brazil Petroleo Limitada holds participating interests in oil and gas concessions in Brazil
including BM- Seal- 11 concession, which is currently progressing with development activities and
the aforementioned transaction will support the energy security of the nation.
Further details of the acquisition will be filed after the necessary registrations for the transaction are
completed.
We request you to kindly take the above on record.
Thanking you,
Yours faithfully,
For Bharat Petroleum Corporation Limited
(V. Kala)
Company Secretary
mw 'lw.,, 4 ~ 6, c!RTBm-U" '15. ~ ~-~ <ITTffi w. 688. 1~-400 001. w,,: 2271 3000/4000. ~: 2271 387 4
Bharat Bhavan, 4 & 6. Curnmbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874
Pma:I: info@bharatpetroleum.in website-www.bharatpetroleum in C\N: L23220MH1952GOI008931