State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding. Public shareholding in the Mangalore-based refiner is currently just 11.42 per cent, not even half of the mandatory 25 per cent public float required by the Securities and Exchange Board of India (SEBI) for listed companies.
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Home » ONGC, HPCL may sell stake in MRPL
ONGC, HPCL may sell stake in MRPL
Oil & Gas
August 1, 2016August 1, 2016
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