ONGC may acquire HPCL in deal worth around $6.6 billion

ONGC may acquire HPCL in deal worth around $6.6 billion

India’s biggest oil and gas producer Oil and Natural Gas Corporation (ONGC) may acquire the government’s 51.11 percent stake in India’s third-biggest fuel retailer HPCL. This will be followed up with an open offer to acquire additional 26 percent from other shareholders of HPCL. The deal for the 77.11 percent stake would be worth Rs […]

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