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.