ONGC to acquire govt's entire stake in HPCL for â¹36,915 cr
State-owned ONGC on Saturday said it will acquire the government's entire 51.11% stake in Hindustan Petroleum (HPCL) for â¹36,915 crore. ONGC said "shares will be acquired against cash" and the transaction will be closed before the month-end. The acquisition has helped government surpass its budgeted target for disinvestment of â¹72,500 crore for the current fiscal.