https://www.taxtmi.com/news?id=19400 The Government completed a strategic sale of its 51.11% equity in HPCL to ONGC; an Alternative mechanism chaired by the Finance Minister approved ONGC's price bid and sale terms. The acquisition integrates upstream, mid stream and downstream capacity, creating a vertically integrated oil and gas group expected to realize economies of scale, manage investment risk and price volatility, while HPCL remains a Central Public Sector Enterprise. en-us Mon, 22 Jan 2018 09:58:55 +0530 Mon, 22 Jan 2018 09:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19400 The Government completed a strategic sale of its 51.11% equity in HPCL to ONGC; an Alternative mechanism chaired by the Finance Minister approved ONGC's price bid and sale terms. The acquisition integrates upstream, mid stream and downstream capacity, creating a vertically integrated oil and gas group expected to realize economies of scale, manage investment risk and price volatility, while HPCL remains a Central Public Sector Enterprise. News - Mon, 22 Jan 2018 09:58:55 +0530 https://www.taxtmi.com/news?id=19400