Confidence Petroleum India Limited (BSE:526829) acquired 99.99% stake in Punjab Petroleum Corporation Ltd. for INR 43.9 million on July 1, 2024. As part of acquisition, 22,50,000 shares were acquired for INR 19.5 per share. For the period ending March 31, 2024, Punjab Petroleum Corporation Ltd. reported total revenue of INR 0.

Confidence Petroleum India Limited (BSE:526829) completed the acquisition of 99.99% stake in Punjab Petroleum Corporation Ltd. on July 1, 2024.