The Cabinet decision on Wednesday to sell the government’s 51.11 per cent stake in Hindustan Petroleum Corporation (HPCL) to Oil and Natural Gas Corporation (ONGC, also a state-owned entity) won’t do much for the former’s public shareholders, say experts. It will help the government ease its fiscal deficit and also benefit ONGC, but industry experts do not expect much to change for HPCL’s public shareholders.
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First Published: Wed, July 19 2017. 23:55 IST