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Bharat Petroleum Unit Acquires Remaining 39.14% Stake in IBV Brazil Petroleo

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Bharat Petroleum (NSE:BPCL, BOM:500547) said its indirect wholly owned subsidiary, BPRL Ventures B.V., has acquired the remaining 39.14% stake in IBV Brazil Petroleo, increasing its ownership to 100%.

The acquisition provides the company with additional equity in oil and gas, according to a Thursday stock exchange filing.

Shares of Bharat Petroleum fell nearly 1% in Friday's morning trade.

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