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What is ONGC Investment in OPaL Shares 2024 about?

Oil and Natural Gas Corporation Limited (ONGC) has received 16,710 lakh equity shares from ONGC Petro additions Limited (OPaL) on 25.10.2024, increasing its shareholding from 94.04% to 94.57%. This allotment is part of the conversion of Compulsorily Convertible Debentures amounting to ₹1,671 crore, which was approved by ONGC

Author

Vijay Krishna

Language

EN