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HPCL stake sale News

Oil and Natural Gas Corporation

25 Sep 2017

ONGC to acquire HPCL in block deal in Nov-Dec

The government's transaction advisor JM Financial and legal consultant Cyril Amarchand Mangaldas is preparing Information Memorandum (IM) on Hindustan Petroleum Corporation Ltd (HPCL) with India's largest oil and gas producer, ONGC, in the next 7-10 days.

09 Aug 2017

Govt tweaks HPCL sale terms to avoid 'open offer'

The Department of Investment and Public Asset Management (DIPAM) had on July 21 used the same formulation to invite expression of interest from investment and merchant bankers to manage the transaction.

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