The Competition Commission of India (“CCI”) vide Press Release No. 103/2024-25[1], dated March 04, 2025, approved the proposed acquisition of 100% (hundred percent) of the equity share capital of Raj Petro Specialities Private Limited (“Raj Petro Specialities”) by Shell Deutschland GmbH and Shell Overseas Investments B.V. The acquisition shall be undertaken by the acquirer group, with ‘Shell Plc’ being the ultimate parent company of the Shell Group of companies.
The entities involved in the proposed acquisition include:
- Shell Deutschland GmbH and Shell Overseas Investments B.V., are a part of the Shell Group of companies, a global energy and petrochemical giant. The Shell Group is active in various sectors, including oil and gas exploration, production, manufacturing, marketing, and shipping of oil products and chemicals. Further, the Shell Group of companies is also engaged in the manufacture and sale of lubricants globally, including in India.
- Raj Petro Specialities is a manufacturer of high-performance petro-specialty products based on hydrocarbon chemistry. The company produces these products based on fully refined crude derivative feedstocks.
[1] https://www.cci.gov.in/media-gallery/press-release/details/490/0