BW LPG Shipping FZCO Acquires Shares in Confidence Petroleum India Ltd
BW LPG Shipping FZCO acquired shares in Confidence Petroleum India Limited through an off-market transaction, increasing its holding in the company.The acquisition was conducted by BW LPG Shipping FZCO (formerly BW LPG Infrastructure DMCC). Prior to the transaction, the entity held 2,82,29,120 shares of Confidence Petroleum India Ltd, representing 8.50% of the total share or voting capital.
On June 2, 2026, BW LPG Shipping FZCO acquired an additional 2,82,29,120 shares through this off-market purchase. Following the acquisition, the entity's holding remains at 8.50%.
The key details of the pre and post transaction shareholding are summarized below:
| Metric | Before Acquisition | Acquisition Details | After Acquisition |
|---|---|---|---|
| Shares Carrying Voting Rights Held | 2,82,29,120 (8.50%) | Acquired: 2,82,29,120 shares (8.50%) | 2,82,29,120 shares |
| Nature of Holding | No encumbrance or other instruments held | Mode of Acquisition: Off-Market | No additional encumbered shares reported |
The financial structure of Confidence Petroleum India Ltd was noted as follows:
- Equity Share Capital Before Transaction: The company had 33,22,41,043 equity shares of face value INR 1 each, amounting to INR 33,22,41,043.
- Equity Share Capital After Transaction: Following the acquisition, the company retains 33,22,41,043 equity shares of face value INR 1 each, totaling INR 33,22,41,043.
The transaction details are as follows:
| Category | Shares Carrying Voting Rights (A) | Acquired Shares (B) | Total Holding After Acquisition |
|---|---|---|---|
| Pre-Acquisition | 2,82,29,120 / 8.50% | N/A | 2,82,29,120 / 8.50% |
| Post-Acquisition | N/A | 2,82,29,120 / 8.50% | 2,82,29,120 / 8.50% |
CONFIPET Stock Price Movement
As of 12:39 PM, shares of Confidence Petroleum India Limited rally higher to ₹74.40, driven by a 6.57% gain in live trading. The momentum pushes the stock to touch its 52-week high at ₹75.59, reflecting strong market interest in the sector.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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