Oil & Natural Gas Corporation Ltd.

ONGC has informed that the Board of Directors at the meeting held on 21st August, 2017 at New Delhi considered the proposal for acquisition of 51.11% of share of HPCL (Hindustan Petroleum Corporation) from the Government of India and given the in principle approval for the same. Further, the Board has constituted a Committee of Directors to examine various aspects of the said proposal and to provide its recommendations to the Board of Director.

The above information is a part of company’s filings submitted to BSE.