ONGC Receives Equity Shares from Joint Venture Companies in Gift City
ONGC Receives Equity Shares from Joint Venture Companies in Gift City is drawing significant interest across the industry.
Oil and Natural Gas Corporation Limited received 70,30,676 equity shares of ?100 each from both Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited on rights basis. These joint venture companies are registered in Gift City, Gandhinagar, and operate as 50% partnerships with Mitsui O.S.K. Lines Ltd., Japan. ONGC's shareholding remains at 50% in both entities following the share allotment.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
Related Articles
- Gold price jumps on Middle East turmoil. What to know before investing
- Kneecap frontman Mo Chara says group’s new album looks back on ‘crazy year’
- Cowboys Meet With Trio of Elite CBs at NFL Combine Amid Secondary Rebuild
- Graduates accuse government of acting like 'loan sharks' over student debt
Source: Original →