Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 January, 2018 05:59 IST
ONGC receives nod to acquire Govt's 51.11% stake in HPCL
Source: IRIS | 22 Aug, 2017, 10.19AM
Comments  |  Post Comment

Oil and Natural Gas Corporation (ONGC) has received an in-principle approval to acquire the government's 51.11% stake in Hindustan Petroleum Corporation (HPCL). The board of directors of the company at its meeting held on August 21, 2017 has approved for the same.

Last month, the government had approved sale of its 51.11% stake in oil refiner HPCL (Q,N,C,F)* to India's largest oil producer ONGC.

(Q,N,C,F)*

Further, the board has constituted a Committee of Directors to examine various aspects of the said proposal and to provide its recommendations to the Board of Director.

Shares of the company gained Rs 1.15, or 0.73%, to trade at Rs 158.70. The total volume of shares traded was 97,865 at the BSE (10.07 a.m., Tuesday).



Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Ashok Leyland signs Lol with Phinergy, Israel for high energy EV - 17-Jan-2018 16:20
Transformers & Rectifiers India receives Rs 1.26 bn order - 17-Jan-2018 16:05
Tata Power's JV lauded with best in class T&D Infra Asset' - 17-Jan-2018 16:01
BHEL wins Rs 28 bn thermal power project in Maharashtra - 17-Jan-2018 15:56
Gayatri Projects secures 2 NHAI road projects worth Rs 9.23 bn - 17-Jan-2018 15:52
TCS bags over USD 690 mn deal from M&G Prudential - 17-Jan-2018 10:13
Sun Pharma settles patent dispute for generic Linzess - 17-Jan-2018 09:48
Bank of Baroda partners with Invoicemart as TReDS partner - 16-Jan-2018 18:01
Reliance Capital appoints Arijit De as Chief Communications Officer - 16-Jan-2018 10:59
SBI ties up with Transfast Remittance LLC for remittance - 16-Jan-2018 09:53
SBI ties up with Transfast Remittance LLC for remittance - 15-Jan-2018 16:13
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer