Hindustan Oil Exploration Company has informed that the company has entered into a conditional agreement with Hardy Oil and Gas PLC (Hardy), subject to their shareholders and other approvals, to acquire the entire share capital of HEPI, a company incorporated in the State of Delaware having an Indian Project Office. None of the Directors, Key Managerial Personnel or their relatives and the Promoters of the Company are concerned or interested in the said transaction. Also, it is not a related party transaction.
The above information is a part of company’s filings submitted to BSE.