Oil and Natural Gas Corporation500312Subsidiary or JV
ONGC incorporates JV company ONGC Petrochemicals Marketing Ltd; ONGC and nominees subscribe 2,50,00,000 shares for ₹25 crore
50%OPML equity shareholding acquired
- Stake Acquired
- 50% of the equity share capital, comprising 2,50,00,000 equity shares of ₹10 each
- JV Shareholding Ratio
- 50:25:25 by ONGC, MRPL and OPaL
- Consideration
- ₹25 crore representing subscription money by ONGC and its nominee shareholders to acquire 2,50,00,000 equity shares of ₹10 each
- Target
- ONGC Petrochemicals Marketing Limited (OPML)
- Transaction
- Incorporation of Joint Venture company (new subsidiary) with 50:25:25 shareholdi
ONGC incorporates JV company ONGC Petrochemicals Marketing Ltd; ONGC and nominees subscribe 2,50,00,000 shares for ₹25 crore.
Incorporation of OPML
Certificate of Incorporation issued
Disclosure letter date
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More numbers
- Cost of acquisition / subscription money₹25 crore
- Authorised and subscribed share capital of OPML₹50 crore
- Equity shares subscribed by ONGC and nominees2,50,00,000
- Percentage of OPML equity shareholding acquired50%
- Face value per equity share₹10
- Equity shares into which OPML share capital is divided5 crore
- Consideration₹25 crore
Source: BSE · 8 Oct 2026
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