HPCL may acquire MRPL in cash, share-swap deal

HPCL may acquire MRPL in cash, share-swap deal

HPCL may acquire Mangalore Refinery and Petrochemicals Ltd in a cash and share- swap deal to become India’s third-largest oil refiner, a top official said. Oil and Natural Gas Corp (ONGC), India’s biggest oil and gas producer, last week announced acquisition of HPCL for Rs 36,915 crore. After this takeover, ONGC has two refining subsidiaries […]

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.

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