Board of Oil & Natural Gas Corpn considers acquisition of 51.11% stake in HPCL from GoI

At meeting held on 21 August 2017

Oil & Natural Gas Corpn announced that the Board of Directors of the Company at its meeting held on 21 August 2017 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.

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