ONGC, and not the government, is the promoter of Hindustan Petroleum Corp: Dharmendra Pradhan

ONGC paid Rs 37,000 crore to buy the government’s entire 51.11% stake in HPCL earlier this year but the latter has refused to recognize the state-run explorer as its promoter in public filings.

from Energy-Industry-The Economic Times https://ift.tt/2vU4azh