HPCL | The Asian Age

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ONGC has appointed CitiGroup and SBI Caps as its transaction advisors.

ONGC seeks access to data room to fix HPCL acquisition price

HPCL already has a data room and will give access to the same to ONGC if the seller (government) so desires.

12 Dec 2017 2:43 PM

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69. (Photo: PTI)

After Rs 76.5 per cylinder hike, oil cos skip LPG price revision

Non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1.

11 Dec 2017 9:58 AM

ONGC Chairman and Managing Director Shashi Shanker said the company is hoping to close the deal by March 31.

ONGC receives information memo from govt on HPCL stake sale

Cabinet had on July 19 approved sale of government's entire 51.11 per cent stake in HPCL to ONGC.

02 Nov 2017 2:53 PM

HPCL can acquire MRPL either by buying out ONGC's shares, which at today's trading price is worth close to Rs 16,800 crore.

HPCL to acquire MRPL in share-swap deal

At present, ONGC owns 71.63 per cent stake in MRPL while HPCL has 16.96 per cent.

31 Oct 2017 1:46 PM

The company's shareholders on Wednesday allowed it to raise up to Rs 25,000 crore debt.

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sep 2017 3:30 PM

ONGC will do the due diligence of HPCL's assets based on the IM and publicly available information to arrive at the valuation.

ONGC to acquire HPCL in bulk or block deal in Nov-Dec

Government's 51.92 crore shares could be sold to ONGC using either the bulk or block deal.

25 Sep 2017 1:57 PM

The government has formed an advisory panel on ONGC acquiring HPCL. (Photo: Representational/File)

HPCL prepares Rs 7,110 cr biz growth investment plans in FY18

While capex stood at Rs 5,860 crore last fiscal, it;s expected to be Rs 7,110 crore this financial year.

16 Sep 2017 10:27 AM

ONGC will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of government's stake in HPCL.

ONGC to raise Rs 25,000 crore to fund acquisition of HPCL

ONGC has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of 51.11 per cent stake in HPCL.

04 Sep 2017 4:32 PM

JM Financial has been selected as the transaction advisor which will act as merchant banker.

JM Financial to advise govt on HPCL stake sale to ONGC

The merchant banker will assist the government on "modalities of disinvestment and the timing.

03 Sep 2017 11:57 AM

HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition.

ONGC board approves HPCL takeover

HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio.

22 Aug 2017 10:19 AM

At today's trading price of Rs 431.85, ONGC would have to pay Rs 33,633 crore for buying government's 51.11 per cent stake.

Govt tweaks HPCL sale terms to avoid 'open offer'

ONGC will have to borrow about Rs 25,000 crore to fund just the purchase of government stake.

09 Aug 2017 12:39 PM

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

HPCL Q1 net profit dips by 56 per cent

The company earned USD 5.86 on turning every barrel of crude oil into fuel during April-June, 2017-18.

04 Aug 2017 5:49 PM

The subsidy on LPG was Rs 86.54 per cylinder for July.

Govt orders LPG prices to be hiked by Rs 4 per month

There are as many as 18.11 crore customers of subsidised LPG in the country.

31 Jul 2017 4:15 PM

HPCL stake sale: Govt seeks bids for bankers, legal firms

Government is keen to complete the transaction within the current fiscal.

30 Jul 2017 12:49 PM

Finance Minister Arun Jaitley. (Photo: AP)

Jaitley to head panel on HPCL stake sale to ONGC

This will give ONGC an enhanced capacity to bear higher risks, take higher investment decisions.

24 Jul 2017 3:13 PM

CCEA approves govt stake sale of HPCL to ONGC: Pradhan

This will give ONGC an enhanced capacity to bear higher risks, take higher investment.

24 Jul 2017 12:48 PM

ONGC will not be required to make an open offer to minority shareholders of HPCL after buying out government's 51.11 per cent stake.

ONGC to not make open offer to smaller shareholders post HPCL merger

ONGC will not need to make open offer as government's holding is being transferred to another state-run firm.

23 Jul 2017 1:41 PM

Shares of the company gained 1.74 per cent to close at Rs 165.85.

ONGC up 2 pc on Cabinet nod to govt's stake sale in HPCL

Cabinet approved sale of the government's stake in oil refiner HPCL to India's largest oil producer ONGC.

20 Jul 2017 6:47 PM

Sensex took control of the key 32,000-mark and Nifty got above 9,900 on Thursday.

Sensex surges to hit 32,000 mark, ONGC top gainer

Other Asian markets ruled high following fresh record closing in US market on strong earnings and higher oil prices.

20 Jul 2017 10:26 AM

Government's stake in HPCL to India's largest oil producer ONGC for Rs 30,000 crore. (Representational Image)

Cabinet allows ONGC to buy out govt stake in refiner HPCL

HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition.

19 Jul 2017 7:54 PM

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Shobhaa De