Investment of 5,000 crore by ONGC Limited in the equity of its wholly-owned subsidiary, ONGC Videsh Limited

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Investment of 5,000 crore by ONGC Limited in the equity of its wholly-owned subsidiary, ONGC Videsh Limited
News and Press Release
Dated:- 23-12-2015

The Cabinet Committee on Economic Af .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... fairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval for investment of ₹ 5,000 crore by Oil and Natural Gas Company Limited (ONGC) into the equity share capital .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of ONGC Videsh by conversion of existing loan of equivalent amount into equity. The approved investment will strengthen the capital base of ONGC Videsh. It will enhance the ability of ONGC to undert .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ake overseas Exploration and Production (E&P) business, thereby improving the energy security of the country.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X