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ONGC HPCL DEAL
HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swapONGC acquired government's 51.11 per cent stake in HPCL in January 2018 at Rs 473.97 per share.28 Apr, 2019, 12.20 PM IST- Government asks HPCL to acknowledge ONGC as promoterHPCL identifies the President of India with zero stake as the promoter & ONGC as a public shareholder.05 Feb, 2019, 08.07 AM IST
- HPCL may use mix of shares, cash & oil bonds to buy MRPLThe final nature of the deal and the payment plan will be worked out once the boards of HPCL and MRPL approve the proposal to merge.05 Jul, 2018, 11.10 AM IST
- ONGC, HPCL must respect each other’s autonomy in areas of business: HPCL ChiefONGC chairman Shashi Shanker said his firm didn’t plan to bring about any “major change” in the functioning of HPCL following the takeover,...21 Jan, 2018, 10.46 PM IST
- ONGC to acquire government's 51.1% stake in HPCL for Rs 36,915 croreThe decision of ONGC to acquire 51.1% stake in HPCL, will help the Modi govt surpass its disinvestment target of Rs 72,500 crore for the cu...20 Jan, 2018, 08.37 PM IST
- ONGC- HPCL deal: A spanner in the works?ONGC's former chairman and managing director said that the deal should take place around the currently market price of HPCL as it is an ext...03 Jan, 2018, 07.59 PM IST
- HPCL may buy MRPL in share-swap dealShare-swap, he said, is the most likely option for the merger. “An exercise to arrive at valuations etc will begin shortly,” he said.01 Nov, 2017, 01.06 AM IST
- ONGC may look at selling stake in other PSUs to fund HPCL acquisition“There are many funding options available. We can look at market borrowings, we have some stocks we can sell,” Chairman and Managing Direct...27 Sep, 2017, 08.52 PM IST
- ONGC to acquire HPCL in bulk or block deal in November-DecemberNegotiations between ONGC and the government will follow if the valuation is vastly different from the one the government has arrived at.25 Sep, 2017, 01.54 PM IST
- ONGC to seek shareholders' nod to raise Rs 25,000 crore for HPCL buyONGC executives said the company expected HPCL deal to go through without the necessity of making an open offer or paying government a prem...30 Aug, 2017, 11.57 PM IST
- 'IOC, GAIL stake sale to buy HPCL won't change ONGC metrics'ONGC has 13.77 per cent stake in IOC, valued at Rs 25,400 crore and 4.87 per cent stake in GAIL (India) Ltd, valued at Rs 3,100 crore.25 Jul, 2017, 10.06 PM IST
- HPCL may buy 2 ONGC units before mergerHPCL already has a 16.96% stake in MRPL, in which ONGC holds 71.63%. ONGC has a 49.36% stake in OPaL with GAIL holding 49.21%.22 Jul, 2017, 11.23 AM IST
- Cabinet approves selling 51% stake in HPCL to ONGCHPCL will become a subsidiary of ONGC and its board will continue to be in place.20 Jul, 2017, 01.10 AM IST
- ONGC may not be required to pay premium for government stake in HPCLThe speculation about HPCL shares likely to be sold at a premium has sent stock up 16% in ten days. The stock is up 63% in a year.17 Jul, 2017, 12.17 AM IST
- Premium for HPCL to cost ONGC more, benefit lessThe final valuation of HPCL will be based on the recommendation of independent valuation agencies.14 Jul, 2017, 08.37 AM IST
- HPCL acquisition would be negative for ONGC: CLSAONGC shares ended up 0.4% at Rs 169 and HPCL shares closed down 0.1% at Rs 541.14 Jun, 2017, 08.14 AM IST
- HPCL, ONGC to share infrastructure, expertiseHindustan Petroleum Corporation and ONGC have inked a deal to share their respective infrastructure and expertise. The memorandum of unders...19 Jul, 2007, 01.15 PM IST
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