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ONGC seeks access to data room for HPCL acquisition price

Staff Reporter, New Delhi
12/12/2017   0 Comments

The Oil and Natural Gas Corporation (ONGC) has sought access to a data room to help fix the price at which it can acquire Hindustan Petroleum Corporation Limited (HPCL).

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

ONGC wants to acquire Government's 51.11 percent stake in HPCL of which Cabinet on July 19 approved the sale, Bureaucracy Today reports. 

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