ONGC trades higher on planning to raise Rs 25,000 crore to fund HFCL buy

Oil & Natural Gas Corporation Ltd. | Oil Exploration | Oil & Gas | BSE: 500312 | NSE: ONGC

05 Sep 2017 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs. 162.20, up by 0.60 points or 0.37% from its previous closing of Rs. 161.60 on the BSE.

The scrip opened at Rs. 162.90 and has touched a high and low of Rs. 163.35 and Rs. 162.00 respectively. So far 95894 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 212.00 on 31-Jan-2017 and a 52 week low of Rs. 155.30 on 27-Jun-2017.

Last one week high and low of the scrip stood at Rs. 163.35 and Rs. 156.10 respectively. The current market cap of the company is Rs. 208604.24 crore.

The promoters holding in the company stood at 68.07%, while Institutions and Non-Institutions held 18.08% and 13.85% respectively.

Oil and Natural Gas Corporation (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of government’s stake in Hindustan Petroleum Corporation (HPCL). The company has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of government’s 51.11% stake in HPCL.

ONGC has sought shareholder approval for borrowing/ raising funds in Indian rupee and/ or foreign currency by issue of debt instruments (including bonds, non-convertible debentures and notes) of Rs 25,000 crore in domestic and/ or overseas market.

Oil and Natural Gas Corporation (ONGC) is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

ONGC Share Price

280.70 -9.10 (-3.14%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	280.70
Oil India	449.80
Jindal Drilling&Inds	525.80
Deep Industries	456.75
Asian Energy Service	297.55
View more..

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