HPCL files revised shareholding pattern; lists ONGC as promoter

14 Aug 2019

Hindustan Petroleum Corporation (HPCL) has re-filed shareholding pattern of the company for last six quarters, listing its majority owner Oil and Natural Gas Corporation (ONGC) as a 'promoter'.

The Securities and Exchange Board of India (SEBI) had asked HPCL to re-file shareholding pattern to stock exchanges by August 13, 2019 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.

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