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HPCL and MRPL merger update
July 5, 2018

HPCL and MRPL merger update

If sources were to be believed, HPCL is planning to use a combination of shares, oil bonds and cash to complete the payment required to acquire and merge MRPL. To acquire the 83% of MRPL’s share, HPCL will have to expend nearly ₹11,500 crore. The agreement between HPCL and MRPL might put off the planned merger of ONGC Mangalore Petrochemicals Ltd (OMPL) with parent MRPL, considering tax benefits.

   Read More About : HPCL India Mergers and Acquisitions MRPL ONGC
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