Acquisition Amount Well Within Recommended Figures: ONGC CMD

Acquisition Amount Well Within Recommended Figures: ONGC CMD

Following the announcement of the sale of the government’s equity share-holding in Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation(ONGC) Chairman and Managing Director (CMD) Shashi Shanker said the designated Rs 36,915 crore was well within recommended limits.

ONGC To Use Debt, Cash Reserves For HPCL Buy

ONGC To Use Debt, Cash Reserves For HPCL Buy

Oil & Natural Gas Corporation will use a mix of debt, cash reserves and proceeds from a planned sale of stakes in IndianOil and GAIL to fund its acquisition of Hindustan Petroleum Corporation, the chairman of India’s largest oil explorer said. ONGC needs to pay Rs 36,915 crore for the government’s 51.11% stake in HPCLBSE […]