Announced
Financials
Sources
Tags
Private
India
Oil Refining and Marketing
Acquisition
Majority
Friendly
Single Bidder
oil refinery
Domestic
Pending
Synopsis
Oil India, a premier Indian National Oil Company, and Engineers India, a provider of engineering consultancy, agreed to acquire a 61.65% stake in Numaligarh Refinery, an oil refinery in India, from Bharat Petroleum, an oil and gas company, for $1.3bn. Assam government may also participate in the acquisition. The Board of Directors of Bharat Petroleum has already approved the transaction.
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