Thursday, July 25, 2013

ONGC Group commences process to sell 26% stake in soon-to-be commissioned aromatics unit in Mangalore

ONGC Group has started the process to sell 26% stake in its soon-to-be commissioned aromatics unit in Mangalore as part of its strategy to unlock value from its vast assets. Promoter ONGC and its subssidiary Mangalore Refineries & Petrochemicals (MRPL) has mandated two financial advisers, ICICI Securities and Deloitte, to identify potential suitors.




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