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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

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left arrow Jul 06, 2026

Bharat PetroResources Limited (BPRL), a wholly owned subsidiary of Bharat Petroleum Corporation Ltd., in its acquisition of Videocon’s entire shareholding in IBV Brasil Petróleo Limitada, Brazil (IBV).

AZB & Partners is pleased to announce that it has advised Bharat PetroResources Limited (BPRL), a wholly owned subsidiary of Bharat Petroleum Corporation Ltd., in its acquisition of Videocon’s entire shareholding in IBV Brasil Petróleo Limitada, Brazil (IBV). IBV holds participating interests in oil and gas concessions offshore Brazil.

We assisted BPRL in securing approval from the National Company Law Tribunal, Mumbai (NCLT), and negotiated the Quota Purchase and Sale Agreement (QPSA) for the acquisition.

The transaction was led by our Senior Partner Anuja Tiwari, and the transaction team comprised Partners Mallika Anand, Pranjal Bhattacharya, Counsel, Shikhar Thukral, and Associates, Priti Sanjay, and Tanishq Khandelwal.

The litigation team comprised of our Senior Partners, Anindita Roy Chowdhury, and Suharsh Sinha, Partners, Vivek Shetty, and Vatsala Rai, Senior Associates, Rohan Anand and Nishant Upadhyay, and Associate, Akilesh Menezes.

Congratulations to the team involved in this transaction.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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