DSP Mutual Fund initiated a new position in Bharat Petroleum Corporation Limited, acquiring 4,74,72,150 shares for ₹1,498.41 Cr, representing a 1.09% stake in the company. The share price at the time was ₹315.55 apiece.
A public sector refiner and marketer of petroleum products, Bharat Petroleum operates integrated facilities for crude oil processing and distribution across India. The company maintains a significant downstream presence through its extensive network of retail outlets, distribution centers, and supply infrastructure. Its operations span refining, marketing, logistics, and trading of petroleum products across domestic and international markets, serving consumers and industrial clients nationwide.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.
