Indian Oil Corporation (IOC) has completed acquisition of Mercator Petroleum (MPL) for a consideration of Rs 154 crore. The MPL had been in the business of exploration of Oil and Gas and was a subsidiary of Mercator.
Earlier, the resolution plan submitted by Indian Oil Corporation for acquisition of 100% stake in Mercator Petroleum was approved by the National Company Law Tribunal, Mumbai Bench vide its order dated November 02, 2023.
Indian Oil Corporation is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
Company Name | CMP |
---|---|
Reliance Industries | 2954.55 |
Indian Oil Corp. | 170.30 |
BPCL | 626.80 |
HPCL | 536.25 |
MRPL | 215.15 |
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