HPCL lists ONGC as promoter, files revised shareholding

New Delhi: After a rap from market regulator Sebi, Hindustan Petroleum Corp Ltd (HPCL) has re-filed shareholding pattern of the company for last six quarters, listing its majority owner Oil and Natural Gas Corp (ONGC) as a ‘promoter’.

The Securities and Exchange Board of India (Sebi) had asked HPCL to re-file shareholding pattern to stock exchanges by 13 August 2019 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government’s entire stake in the refiner in January 2018.

HPCL has re-filed with the stock exchanges shareholding pattern of last six quarters beginning March 2018, the company said in a regulatory filing.