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RBI allows foreign investors to hike stake in HPCL

08 Aug 2016 Evaluate

Reserve Bank of India (RBI) has allowed foreign investors to hike their stake in Hindustan Petroleum Corporation (HPCL) up to 40% under portfolio investment scheme (PIS). The central bank has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) from default can now invest from existing 24% up to 40% of the paid up capital of HPCL.

The company has passed resolution at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.

HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 MMTPA capacity and the other in Visakhapatnam, with a capacity of 8.3 MMTPA.

HPCL Share Price

396.25 -3.15 (-0.79%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 146.85
BPCL 307.60
HPCL 396.25
MRPL 155.40
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