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Moody's affirms HPCL ratings following its acquisition by ONGC

Moody's affirms HPCL ratings following its acquisition by ONGC

Tue, Jan 30, 2018

After ONGC buying the government stake, HPCL will become subsidiary of India's largest oil producer but its board will continue to be in place.    

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ONGC to sell stake in IOC, GAIL to fund HPCL deal; shares gain

ONGC to sell stake in IOC, GAIL to fund HPCL deal; shares gain

Tue, Jan 23, 2018

To purchase 51.11% stake in HPCL, the state-owned Oil & Natural Gas Corp (ONGC) needs to pay about Rs 36,915 crore to the government. 

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