Mangalore Refinery And Petrochemicals has received approval for acquisition of 1,34,80,000 equity shares of Mangalore SEZ (MSEZ) from IL&FS. After this acquisition, equity stake of the company shall increase from 0.96% to 27.92% in MSEZ. Cost of acquisition is Rs 47.18 crore. The Board of Directors of the company at its meeting held on March 22, 2024 has, inter-alia, approved the same.
Mangalore Refinery and Petrochemicals (MRPL) is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. The company is engaged in the business of refining of crude oil. MRPL is located in a beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India).
Company Name | CMP |
---|---|
Reliance Industries | 2859.60 |
Indian Oil Corp. | 162.40 |
BPCL | 627.60 |
HPCL | 537.05 |
MRPL | 203.15 |
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