Corporate News     23-Jul-24
Outcome of Oil & Natural Gas Corpn regarding sustainable capital restructuring of OPaL
At meeting held on 23 July 2024
The Board of Oil & Natural Gas Corpn at its meeting held on 23 July 2024 has approved the following:

1. Extension of exercise period for conversion of Share Warrants – I of Rs 1,922 crore (paid-up value ₹1,873.95 crore) issued by ONGC Petro additions (OPaL) up to six (06) months from its conversion date of 24 August 2024.

There is no charge to be paid by the Company for the said extension of exercise period.

2. Extension of back stopping support for Compulsory Convertible Debentures (CCDs) - III of Rs 492 crore issued by OPaL upto six (06) months from its mandatory put option on 28 August 2024.

Previous News
  Oil & Natural Gas Corpn Ltd spurts 0.72%, rises for fifth straight session
 ( Hot Pursuit - 12-Jun-25   13:00 )
  Oil & Natural Gas Corpn
 ( Results - Analysis 22-May-25   10:40 )
  Board of ONGC recommends final dividend
 ( Corporate News - 22-May-25   12:12 )
  ONGC slides after Q4 PAT drops 35% YoY to Rs 6,448 cr
 ( Hot Pursuit - 22-May-25   11:17 )
  Indices tumble in early trade; breadth negative
 ( Market Commentary - Mid-Session 22-May-25   09:35 )
  Stock Alert: ONGC, VRL Logistics, Interglobe Aviation, Colgate Palmolive, Ircon Intl
 ( Market Commentary - Stock Alert 22-May-25   08:05 )
  Oil & Natural Gas Corpn consolidated net profit declines 27.00% in the March 2025 quarter
 ( Results - Announcements 22-May-25   07:39 )
  ONGC announces board meeting date
 ( Corporate News - 08-May-25   15:17 )
  Jindal Drilling receives notification of award from ONGC
 ( Corporate News - 07-May-25   17:42 )
  Shell, Reliance and ONGC successfully complete India's first offshore facilities decommissioning project
 ( Corporate News - 05-May-25   18:32 )
  Deep Industries commences production enhancement ops for mature fields at Rajahmundry Asset
 ( Corporate News - 03-Apr-25   19:40 )
Other Stories
  REC announces incorporation of subsidiary - Jalna Power Transmission
  30-Jun-25   19:33
  Maithan Alloys to shut down its Byrnihat unit
  30-Jun-25   19:31
  HCL Technologies enters into multi-year strategic collaboration with OpenAI
  30-Jun-25   19:29
  Timken India commences commercial production at Bharuch unit
  30-Jun-25   19:27
  Steel Exchange India incorporates WoS - Seil Infra Logistics
  30-Jun-25   19:02
  L&T Energy Green Tech incorporates WoS - Panipat Green Hydrogen
  30-Jun-25   18:58
  Lupin update on transfer of its OTC biz to LUPINLIFE Consumer Healthcare
  30-Jun-25   18:54
  Avenue Supermarts opens two new stores in Gujarat
  30-Jun-25   18:53
  SJVN Green Energy achieves commercial operation of 100.25 MW of Bikaner Solar Power Project
  30-Jun-25   18:51
  Board of Bajaj Hindusthan Sugar approves participation in Lalitpur Power Generation Company's buyback offer
  30-Jun-25   18:47
Back Top