Bharat Petroleum Corporation Limited (BPCL) has announced that its wholly-owned subsidiary, IBV Brasil Petróleo Limitada (IBV), has officially changed its corporate name to BPRL Brasil Limitada. This change was made in accordance with the applicable laws of its jurisdiction. BPCL holds a 100% equity stake in IBV through its own subsidiary, Bharat PetroResources Ltd. (BPRL), and its step-down subsidiaries. The certificate for the name change was received on August 19, 2026.
Subsidiary Corporate Name Change
Bharat Petroleum Corporation Limited (BPCL) has officially informed stakeholders about a significant corporate restructuring event concerning one of its international subsidiaries. The company’s Brazilian entity, formerly known as IBV Brasil Petróleo Limitada (IBV), has undergone a formal name change to BPRL Brasil Limitada. This strategic rebranding aligns the subsidiary’s name more closely with its parent group’s structure.
Ownership Structure and Effective Date
BPCL maintains a comprehensive 100% equity stake in the renamed entity, BPRL Brasil Limitada. This ownership is exercised through BPCL’s wholly-owned subsidiary, Bharat PetroResources Ltd. (BPRL), and further facilitated by BPRL’s step-down subsidiaries. The official documentation confirming this corporate name alteration was received by BPCL on August 19, 2026. The change has been implemented in full compliance with the legal statutes governing corporate entities within its jurisdiction in Brazil.
Source: BSE
