Can I read ONGC-HPCL Acquisition Overview on EtoBox?
ONGC-HPCL Acquisition Overview by abijith ta is a document available to read on EtoBox.
What is ONGC-HPCL Acquisition Overview about?
On January 20th, 2018 ONGC announced the acquisition of 51.11% stake in HPCL from the Indian government for Rs 36,915 crore. The deal will help create economies of scale and improve margins through consolidation in the oil sector. It also provides stability against volatility in crude oil prices by diversifying across exploration and refining/distribution activities. The combined market value of ONGC and HPCL post-acquisition will be around Rs 3,11,925 crore, making it a major oil company on par with intern
- Author
- abijith ta
- Language
- EN