The rollout of Covid-19 vaccines coupled with a gradual revival in demand has enabled crude oil prices to surge above $50 per barrel level in December 2020 for the first time in FY21, India Ratings and Research (Ind-Ra) said in a .
MRPL increases stake in ONGC Mangalore Petrochemicals Limited to 99.9998%
Posted On: 2021-01-02 04:52:02 (Time Zone: Arizona, USA)
The board of Mangalore Refinery and Petrochemicals Limited (MRPL) has, in its 232nd meeting held on 19/10/2020, approved acquisition of 1,24,66,53,746 equity shares of Rs. 10 each of ONGC Mangalore Petrochemicals Limited (OMPL), a subsidiary of MRPL from Oil and Natural Gas Corporation Limited (ONGC) (an existing shareholder of OMPL).
Accordingly, a Share Purchase Agreement (SPA) was executed with ONGC for acquisition of 124,66,53,746 equity shares of Rs. 10/-. each of OMPL from ONGC. An amount of Rs. 1216,73,40,561/- was paid to ONGC towards consideration for acquisition of 124,66,53,746 equity shares at a price of Rs. 9.76 per share.
Varun Krishna vs Oil & Natural Gas Corporation on 31 December, 2020 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.
We Think Oil and Natural Gas (NSE:ONGC) Is Taking Some Risk With Its Debt
By
December 27, 2020 The external fund manager backed by Berkshire Hathaway s Charlie Munger, Li Lu, makes no bones about it when he says The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. It s only natural to consider a company s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly,
Oil and Natural Gas Corporation Limited (NSE:ONGC) does carry debt. But the real question is whether this debt is making the company risky.
Varun Krishna vs Ministry Of Petroleum & Natural on 18 December, 2020 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.