You are here

India's ONGC to buy majority stake in refiner HPCL

New Delhi 

INDIA'S biggest explorer Oil and Natural Gas Corp (ONGC) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp (HPCL) for 369 billion rupees (S$7.6 billion), ONGC said on Saturday.

It will pay a premium of about 14 per cent on HPCL's...

Market voices on: