{"id":286368,"date":"2019-08-07T05:18:11","date_gmt":"2019-08-07T05:18:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286368"},"modified":"2019-08-07T05:28:46","modified_gmt":"2019-08-07T05:28:46","slug":"ongc-seeks-shareholder-nod-to-help-opal-raise-%e2%82%b92680-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-seeks-shareholder-nod-to-help-opal-raise-%e2%82%b92680-cr\/","title":{"rendered":"ONGC seeks shareholder nod to help OPAL raise \u20b92,680 cr"},"content":{"rendered":"<p>The board of Oil and Natural Gas Corporation (ONGC) has offered to help ONGC Petro Additions Ltd (OPAL) raise debt resources of \u20b92,680 crore.<\/p>\n<p>\u201cOPAL has raised\/ proposes to raise debt up to \u20b926,800 million and your company has issued\/ proposes to issue Letter of Comfort for the said debt plus interest thereon,\u201d ONGC said in a statement to shareholders seeking their consent.<\/p>\n<p>This proposal will be voted on during ONGC\u2019s 26th annual general meeting, to be held on August 30.<\/p>\n<p>A Letter of Comfort (LoC) is a letter issued to a lending institution by a stakeholder of the company acknowledging support of the attempt for financing asked by that company. A letter of comfort does not imply that the parent company guarantees repayment of the loan being sought by the subsidiary company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of Oil and Natural Gas Corporation (ONGC) has offered to help ONGC Petro Additions Ltd (OPAL) raise debt resources of \u20b92,680 crore. \u201cOPAL has raised\/ proposes to raise debt up to \u20b926,800 million and your company has issued\/ proposes to issue Letter of Comfort for the said debt plus interest thereon,\u201d ONGC said in a statement to shareholders seeking their consent. This proposal will be voted on during ONGC\u2019s 26th annual general meeting, to be held on August 30. A Letter of Comfort (LoC) is a letter issued to a lending institution by a stakeholder of the company [&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],"tags":[],"class_list":["post-286368","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286368","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=286368"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286368\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}