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HPCL-ONGC merger

ONGC not to make open offer post HPCL acquisition: Official

ONGC not to make open offer post HPCL acquisition: Official

Sun, Jul 23, 2017

The Cabinet Committee on Economic Affairs (CCEA) last week gave in-principal approval of Oil and Natural Gas Corp (ONGC) buying out government's entire 51.11 per cent stake in fuel retailing and marketing company Hindustan Petroleum Corp Ltd. HPCL will continue to be a separate listed company.

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Cabinet gives in-principle nod to 51% HPCL stake sale to ONGC

Cabinet gives in-principle nod to 51% HPCL stake sale to ONGC

Wed, Jul 19, 2017

Post ONGC buying government stake, HPCL will become subsidiary of India's largest oil producer but its board will continue to be in place.

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