New Delhi, Mar 5
The Competition Commission of India (CCI) has approved the acquisition of 100% equity share capital of Raj Petro Specialities Private Limited by Shell Deutschland GmbH and Shell Overseas Investments B.V.
Shell Plc, the ultimate parent company of the Shell Group, is a global energy and petrochemical giant involved in oil and gas exploration, production, manufacturing, and marketing. It also operates in the renewable energy sector and manufactures lubricants worldwide, including in India.
Raj Petro Specialities is engaged in manufacturing high-performance petrochemical products derived from refined crude feedstocks.
With this acquisition, Shell aims to expand its footprint in the petro-speciality sector. The detailed order from CCI will be released later.
(Source: PIB)
