{"id":271727,"date":"2019-04-29T05:48:37","date_gmt":"2019-04-29T05:48:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271727"},"modified":"2019-04-29T05:48:37","modified_gmt":"2019-04-29T05:48:37","slug":"hpcl-mrpl-merger-hits-cash-hurdle-ongc-rules-out-share-swap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-mrpl-merger-hits-cash-hurdle-ongc-rules-out-share-swap\/","title":{"rendered":"HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swap"},"content":{"rendered":"<p>NEW DELHI: Hindustan Petroleum Corp&#8217;s plans to acquire Mangalore Refinery and Petrochemicals (MRPL) has hit a cash hurdle, with parent ONGCNSE -0.27 % preferring a cash deal rather than a share-swap, sources aware of the development said. <\/p>\n<p>Oil and Natural Gas Corp (ONGC), India&#8217;s biggest oil and gas producer, last year completed acquisition of Hindustan Petroleum Corp (HPCL) for Rs 36,915 crore. <\/p>\n<p>After this takeover, ONGC has two refining subsidiaries &#8212; HPCL and MRPL. <\/p>\n<p>Since then, HPCL is keen to get MRPL in its fold citing operational synergies. It has been talking of a combination of cash and share-swap for the deal that will make it India&#8217;s third-largest oil refiner. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Hindustan Petroleum Corp&#8217;s plans to acquire Mangalore Refinery and Petrochemicals (MRPL) has hit a cash hurdle, with parent ONGCNSE -0.27 % preferring a cash deal rather than a share-swap, sources aware of the development said. Oil and Natural Gas Corp (ONGC), India&#8217;s biggest oil and gas producer, last year completed acquisition of Hindustan Petroleum Corp (HPCL) for Rs 36,915 crore. After this takeover, ONGC has two refining subsidiaries &#8212; HPCL and MRPL. Since then, HPCL is keen to get MRPL in its fold citing operational synergies. It has been talking of a combination of cash and share-swap for [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-271727","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271727"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271727\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}