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Incorporated in 1983, GP Petroleums Ltddoes Manufacturing & Marketing of Industrialand Automotive Lubricants, Rubber ProcessOils etc. and Trading of Base Oil, Fuel oil andBitumen
GPPL has entered an exclusivity agreement to evaluate a potential strategic acquisition of assets across India, UAE, Mauritius, and East Africa. A USD 100,000 fee covers a 4-month exclusivity period, adjustable if the deal proceeds. This evaluation is subject to due diligence.
GP Petroleums' Board is evaluating a potential strategic acquisition, "Project Petroleum," in India/Africa. They inked a 4-month exclusivity pact with Incubit DMCC for USD 100,000 to conduct due diligence. Fund-raising via debentures was discussed, awaiting more details.