Briefs: Swan Energy and BPCL

Briefs: Swan Energy and BPCL

BPCL allots 216, 92, 52,744 bonus equity shares

  • By ICN Bureau | June 25, 2024

Swan Energy increases stake in Triumph Offshore to 100%

The Board of Directors of Swan Energy Limited (SEL) have considered and approved the acquisition of 26, 21, 50,000 equity shares of Rs. 10/- each of Triumph Offshore Private Limited (TOPL) (representing 49% of total equity of TOPL) from Indian Farmers Fertiliser Cooperative Limited (IFFCO) at a total price of Rs. 440 crore, as per duly executed Share Purchase Agreement.

With the above acquisition, TOPL shall become 100% subsidiary of the company.

BPCL allots 216, 92, 52,744 bonus equity shares

The sub-committee of the Board of directors of Bharat Petroleum Corporation Limited has allotted 216, 92, 52,744 equity shares of Rs.10 each as fully paid-up Bonus equity shares, on 24th June 2024.

The Bonus equity shares are allotted in the proportion of 1:1 i.e. one new equity Bonus share of Rs.10 for every one existing paid-up equity share of Rs.10, to the eligible Members whose names appear in the register of Members/list of beneficial owners as on 22nd June 2024, being the record date fixed for this purpose.

Accordingly, the paid-up equity share capital of the Company has increased from 216,92,52,744 equity shares of Rs.10 each, amounting to Rs. 2169,25,27,440 to 433,85,05,488 fully paid up equity shares of Rs.10 each, amounting to Rs. 4338,50,54,880.

The Bonus equity shares as allotted above shall rank pari passu and carry the same rights with the existing equity shares of the company in all respects.

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