Bharat Shell, a 51:49 joint venture between BPCL and Shell, was incorporated in 1993 for marketing Shell’s lubricants in the country.The joint venture has an authorized capital of Rs 250 crore and a paid up capital of Rs 200 crore. Bharat Shell also markets LPG to both domestic and industrial consumers
Shell Overseas Investments has bought out Bharat Petroleum Corporation’s (BPCL) 49% stake in Bharat Shell.According to a release issued by Shell, the two companies want to focus on their own specific lubricants brands in the important Indian lubricants growth market.
Read more at The Business Standard article.
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