{"id":283937,"date":"2019-07-23T06:11:49","date_gmt":"2019-07-23T06:11:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283937"},"modified":"2019-07-23T06:11:49","modified_gmt":"2019-07-23T06:11:49","slug":"hpcl-refuses-to-recognise-ongc-as-its-promoter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-refuses-to-recognise-ongc-as-its-promoter\/","title":{"rendered":"HPCL refuses to recognise ONGC as its promoter"},"content":{"rendered":"<p>Hindustan PetroleumNSE -0.75 % Corp Ltd (HPCL) has for the last one-and-half-years refused to recognise its majority shareholder ONGC as a promoter, according to stock exchange filings. <\/p>\n<p>Oil and Natural Gas Corp (ONGC) in January last year bought the government&#8217;s entire 51.11 per cent stake in HPCL for Rs 36,915 crore. Following which, HPCL became ONGC&#8217;s subsidiary. <\/p>\n<p>HPCL management however, has continuously refused to recognise ONGC as its promoter. <\/p>\n<p>In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as &#8220;public shareholder&#8221; and not as its promoter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindustan PetroleumNSE -0.75 % Corp Ltd (HPCL) has for the last one-and-half-years refused to recognise its majority shareholder ONGC as a promoter, according to stock exchange filings. Oil and Natural Gas Corp (ONGC) in January last year bought the government&#8217;s entire 51.11 per cent stake in HPCL for Rs 36,915 crore. Following which, HPCL became ONGC&#8217;s subsidiary. HPCL management however, has continuously refused to recognise ONGC as its promoter. In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as &#8220;public shareholder&#8221; and not [&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-283937","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\/283937","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=283937"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283937\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}