IFLR1000

Oil & Natural Gas Corporation $5.7 billion acquisition of a 51.11% stake in Hindustan Petroleum Corporation

20/1/2019
Public acquisition
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Re 369.15 billion

$ 5.7 billion

Announced

20/1/2019

Overview:

  • Indian multinational Oil & Natural Gas Corporation has acquired a 51.11% stake in oil and natural gas company Hindustan Petroleum Corporation for $5.7 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Oil and gas

Firms:
AZB & Partners

Party: Hindustan Petroleum Corporation (Target)

Lawyers: Ashwath Rau, Kashish Bhatia

Shardul Amarchand Mangaldas & Co

Party: Oil and Natural Gas Corporation of India (Acquirer)

Lawyer: Natashaa Shroff

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