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Status quo is being maintained in the regulatory filings: HPCL

July 23, 2019

Source: The Economic Times

Status quo is being maintained in the regulatory filings: HPCL

Hindustan Petroleum Corp Ltd (HPCL) has refused to recognise ONGC as its promoter. The company made it clear that only after receiving clarifications from necessary agencies will it follow the government advise to list ONGC as a promoter. In January last year, ONGC bought entire 51.11% government stake in HPCL, for Rs 36,915 crore.

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