Investment of 5,000 crore by ONGC Limited in the equity of its wholly-owned subsidiary, ONGC Videsh Limited

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....nvestment of 5,000 crore by ONGC Limited in the equity of its wholly-owned subsidiary, ONGC Videsh Limited <br>News and Press Release<br>Dated:- 23-12-2015<br><BR>The Cabinet Committee on Economic Aff....

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....airs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval for investment of &#8377; 5,000 crore by Oil and Natural Gas Company Limited (ONGC) into the equity share capital ....

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....of ONGC Videsh by conversion of existing loan of equivalent amount into equity. The approved investment will strengthen the capital base of ONGC Videsh. It will enhance the ability of ONGC to underta....

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....ke overseas Exploration and Production (E&P) business, thereby improving the energy security of the country.<BR> News - Press release - PIB....