ONGC plans first ever borrowings to fund HPCL buyout
India's largest oil producer Oil and Natural Gas Corporation (ONGC) is reportedly planning to enter the debt market for the first time. ONGC may sell bonds and take out loans of around $4 billion to pay for the purchase of government's $5.2 billion stake in Hindustan Petroleum, and to support projects worth $4.5 billion, reports added.