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Company News Details

Oil & Natural Gas Corpn Ltd
Industry :  Oil Drilling / Allied Services
BSE Code
ISIN Demat
Book Value()
500312
INE213A01029
243.2191747
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
ONGC
10.69
415904.03
EPS(TTM)
Face Value()
Div & Yield %
30.93
5
3.71
 

Outcome of Oil & Natural Gas Corpn regarding sustainable capital restructuring of OPaL
Jul 23,2024
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.

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