HPCL gets green signal - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HPCL gets green signal

Dec 9, 2002

Divestment Minister, Mr. Arun Shourie, made the following announcements on the issue of disinvestment in the parliament a short while ago.

  • HPCL will be privatised through sale of stake to a strategic investor.

  • The government holding in BPCL will be brought down through a public offer (IPO).

  • Specific percentage of shares will be offered to employees of both PSUs at 1/3rd the market price.

  • Steps to ensure that no monopoly is created through divestment.

  • The government will create an AMC (Asset management company) to maintain its folio of investments in companies wherein the management control has been sold off to a strategic investor.

No time frame for the proposed divestment has been suggested. The proposal will have to be formally cleared by the oil ministry headed by Mr. Ram Naik.

Equitymaster requests your view! Post a comment on "HPCL gets green signal". Click here!

  

More Views on News

HPCL 2020-21 Annual Report Analysis (Annual Result Update)

Oct 27, 2021 | Updated on Oct 27, 2021

Here's an analysis of the annual report of HPCL for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of HPCL. Also includes updates on the valuation of HPCL.

HPCL Shares Under Pressure After Profit Declines in June Quarter (Views On News)

Aug 5, 2021

Rising crude oil prices and forex woes weigh on HPCL's quarterly numbers.

HPCL Reports Its Highest Annual Profit (Views On News)

May 21, 2021

HPCL shares scale fresh 52-week highs as the refiner posts a record-breaking bottomline.

5 Green Energy Stocks to Watch as India Readies for a Revolution (Views On News)

Oct 13, 2021

The excitement around green energy stocks has opened up a huge contrarian opportunity in the traditional energy space.

Top Performing PSU Stocks over the Past One Year (Views On News)

Oct 1, 2021

After a decade of underperformance, PSU stocks have woken up. Here are the best performing PSUs of past twelve months.

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

How to Find Your Next 10-Bagger in this Market (Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing. (Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

HPCL SHARE PRICE


Dec 1, 2021 03:16 PM

TRACK HPCL

COMPARE HPCL WITH

MARKET STATS