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Bharat Petroleum Corporation Ltd.

BSE: 500547 Sector: Oil & Gas
NSE: BPCL ISIN Code: INE029A01011
BSE 00:00 | 24 Apr 2020 Bharat Petroleum Corporation Ltd
NSE 05:30 | 01 Jan 1970 Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Limited - Reply to Clarification Sought

April 8, 2020, 12:00 am | Source: NSE

Bharat Petroleum Corporation Limitedration Limited with respect to announcement dated 26-Mar-2020, regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements), Regulations 2015'. On basis of above the Company was required to clarify following: 1. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at arm's length;2. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);3. Brief details of any governmental or regulatory approvals required for the acquisition;4. Cost of acquisition or the price at which the shares are acquired;5. Nature of consideration - whether cash consideration or share swap and details of the same;6. Name of the target entity, details in brief such as size, turnover etc;7. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).The response of the Company is attached.