{"id":382488,"date":"2020-11-05T11:18:36","date_gmt":"2020-11-05T05:48:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382488"},"modified":"2020-11-05T11:18:36","modified_gmt":"2020-11-05T05:48:36","slug":"hpcl-to-take-open-market-route-for-rs-2500-crore-buyback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-to-take-open-market-route-for-rs-2500-crore-buyback\/","title":{"rendered":"HPCL to take open market route for Rs 2,500-crore buyback"},"content":{"rendered":"<p>New Delhi \/ Mumbai: Hindustan Petroleum (HPCL NSE 7.28 %) Wednesday announced a Rs 2,500-crore share buyback programme in a first such plan by a state-run company that would not involve the participation of the fuel retailer\u2019s parent company ONGC.<\/p>\n<p>The company\u2019s board approved the plan to repurchase shares from the open market at a maximum price of Rs 250 apiece, which is 34 per cent higher than Wednesday\u2019s closing price of Rs 186.75.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi \/ Mumbai: Hindustan Petroleum (HPCL NSE 7.28 %) Wednesday announced a Rs 2,500-crore share buyback programme in a first such plan by a state-run company that would not involve the participation of the fuel retailer\u2019s parent company ONGC. The company\u2019s board approved the plan to repurchase shares from the open market at a maximum price of Rs 250 apiece, which is 34 per cent higher than Wednesday\u2019s closing price of Rs 186.75.<\/p>\n","protected":false},"author":39,"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-382488","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\/382488","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=382488"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382488\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}