Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 1447)
1447.
Which board approves HPCL takeover of 51.11% stake recently?
Answer: Option
Explanation:
The board of state-owned Oil and Natural Gas Corporation (ONGC) given 'in-principle' approval to acquire government's 51 (point) 11 percent stake in Hindustan Petroleum Corporation Limited. They approved the sale of its 51.11 percent stake in oil refiner HPCL to India's largest oil producer ONGC. HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company.
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