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ONGC writes to HPCL over promoter classification
Aug. 6, 2018

ONGC writes to HPCL over promoter classification

Indian E&P major, ONGC has written to HPCL to correct its stock exchange filing to display the true promoter, sources related to the matter said. The Government of India’s 51.1% stake in HPCL was acquired by ONGC this year, in Rs 36,915 crore. However, HPCL's latest filing to the stock exchange listed 'President of India' as the promoter, and ONGC under 'Public Shareholder'.

   Read More About : HPCL India Mergers and Acquisitions ONGC
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