SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC looking for data access to fix HPCL’s acquisition price

13 Dec 2017 Evaluate

Oil and Natural Gas Corporation (ONGC) has sought access to a data room to help fix the price at which it can acquire the government’s 51.11 per cent stake in Hindustan Petroleum Corporation (HPCL).

India’s largest oil and gas producer has so far been given an information memorandum (IM) by the government’s transaction advisor, which ONGC feels is not sufficient to arrive at a valuation of HPCL.

ONGC wants to better understand HPCL’s financials, particularly the investments it has committed in different projects like a greenfield refinery at Barmer in Rajasthan, before it embarks on buying the government stake which at today’s price is worth over Rs 32,600 crore.

ONGC Share Price

279.25 -4.70 (-1.66%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 279.25
Oil India 454.40
Jindal Drilling&Inds 535.85
Deep Industries 457.70
Asian Energy Service 297.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×