Bharat Petroleum Corporation Limited (BPCL) — Related Party Transaction Announcement
BPCL seeks shareholder approval for two material related party transactions tied to its Mozambique LNG project. The first approves the transfer of Golfinho-Atum assets to Moz LNG1 AssetCo Limitada and subsequent equity transfer to Moz HoldCo, valued at approximately USD 1,290.50 million (~Rs. 12,389 Crore). The second extends BPCL's Debt Service Undertaking guarantee support to Mozambique LNG1 Financing Company Ltd and Mozambique LNG1 Co-Financing Company Lda for up to USD 1,920 million (~Rs. 18,432 Crore) until December 31, 2033. Shareholders will vote electronically via NSDL's e-voting system between June 6 and July 5, 2026, with results announced by July 7, 2026. The transaction is justified as being in BPCL's interest for improved project financing and regulatory compliance.
📄 View Original Announcement (PDF)
About Bharat Petroleum Corporation Limited (BPCL)
Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.