Hindustan Petroleum Corporation (HPCL) has agreed to rectify the shareholding pattern to include Oil and Natural Gas Corp (ONGC) as a promoter after it got a reprimand from capital markets regulator SEBI for refusing to recognise its majority shareholder.
The SEBI asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since ONGC acquired government's entire stake in the refiner in January 2018.
HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
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