Eni, the Italian petroleum exploration and production firm, is reportedly in talks with US- based Anadarko Petroleum Corporation to sell its entire 47.18% stake in Hindustan Oil Exploration Company ( HOEC). The company is planning to sell 61.5 million shares anywhere between Rs 135 and Rs 140 a share.
As on September 30, 2012, individual shareholders hold 24.35% stake in the oil exploration company. Bodies corporate hold 17.54% stake, while the remaining 10.93% holdings are with the mutual funds and UTI (2.87%), foreign institutional investors (2.61%) and others.
Hindustan Oil Exploration Company was the first private company in India to enter into field of oil and gas exploration. The company’s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.
| 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.. | |
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.
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.
MoneyWorks4Me ensures this through: