Adani Ports

244.8down-arrow0.00

Asian Paints

1520.9down-arrow0.00

Axis Bank

325.45down-arrow0.00

B P C L

317.15down-arrow0.00

Bajaj Auto

2033.75down-arrow0.00

Bajaj Fin.

2207.5down-arrow0.00

Bajaj Finserv

4510.75down-arrow0.00

Bharti Airtel

423.95down-arrow0.00

Bharti Infra.

156.4down-arrow0.00

Britannia Inds.

2563.25down-arrow0.00

Cipla

449.2down-arrow0.00

Coal India

137.75down-arrow0.00

Dr Reddy's Labs

3146.8down-arrow0.00

Eicher Motors

12680.05down-arrow0.00

GAIL (India)

80.9down-arrow0.00

Grasim Inds

454.7down-arrow0.00

H D F C

1499.55down-arrow0.00

HCL Technologies

405.8down-arrow0.00

HDFC Bank

813.85down-arrow0.00

Hero Motocorp

1582.05down-arrow0.00

Hind. Unilever

2154.1down-arrow0.00

Hindalco Inds.

88.8down-arrow0.00

I O C L

79.5down-arrow0.00

ICICI Bank

286.65down-arrow0.00

IndusInd Bank

313.2down-arrow0.00

Infosys

585.7down-arrow0.00

ITC

177.9down-arrow0.00

JSW Steel

140.7down-arrow0.00

Kotak Mah. Bank

1140.85down-arrow0.00

Larsen & Toubro

774.65down-arrow0.00

M & M

280.7down-arrow0.00

Maruti Suzuki

4011.5down-arrow0.00

Nestle India

15104.65down-arrow0.00

NTPC

79.55down-arrow0.00

O N G C

69.85down-arrow0.00

Power Grid Corpn

156.2down-arrow0.00

Reliance Inds.

1077.45down-arrow0.00

Shree Cement

15783.8down-arrow0.00

St Bk of India

175.5down-arrow0.00

Sun Pharma.Inds.

375.95down-arrow0.00

Tata Motors

65.3down-arrow0.00

Tata Steel

253.75down-arrow0.00

TCS

1654.2down-arrow0.00

Tech Mahindra

520.9down-arrow0.00

Titan Company

862.8down-arrow0.00

UltraTech Cem.

3041.6down-arrow0.00

UPL

298.1down-arrow0.00

Vedanta

62.8down-arrow0.00

Wipro

180down-arrow0.00

Zee Entertainmen

124.35down-arrow0.00

Corporate News - Detailed News Back
Bharat Petroleum Corporation hikes stake in Bharat Oman Refineries
26-Mar-20   09:27 Hrs IST
Bharat Petroleum Corporation announced that as per the agreement dated 22 March 2013 between Bharat Petroleum Corporation (BPCL) and Bharat Oman Refineries (BORL), 361,111,111 warrants issued by BORL to BPCL on 25 March 2013 are being converted to 649,602,778 equity shares of BORL on expiry of seven years.

As a result, the shareholding of BPCL in BORL would increase from 888,613,336 equity shares (i.e.50% of BORL's paid-up equity share capital) to 1,538,216,114 equity shares (i.e. 63.38% of BORL's paid-up equity share capital). The other requisite procedures are being fulfilled.

BORL has a refinery of 7.8 MMTPA capacity at Bina, Madhya Pradesh, Crude Oil import/ supply system consisting of a Single Point Mooring System, Crude Oil Terminal at Vadinar, Gujarat and 937 KMs long cross country crude oil pipeline from Vadinar to Bina.

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