Sunday, January 21, 2018

ONGC, HPCL To Retain Individual Identities Post Stake Purchase, Says ONGC Chairman

India's largest oil explorer will buy shares at Rs 473.97 apiece, according to its exchange filing. That implies a premium of 13.7 percent over HPCL's Friday's closing price. The valuation for the deal was finalised by ONGC's transaction advisers which included audit firm EY. The 'alternative mechanism' ...

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