[ad_1] State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Tuesday (March 25) said it has approved an investment of ₹3,300 crore in its wholly owned subsidiary, ONGC Green Limited (OGL), through a rights issue to fund the acquisition of 100% equity stake in Ayana Renewable Power Private Limited. The acquisition will be carried out […]
Competition Comm clears ONGC-NTPC Green’s proposal to acquire Ayana for ₹19,500 crore – CNBC TV18
[ad_1] The Competition Commission of India on Tuesday (March 11) cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for ₹19,500 crore ($2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). “The proposed combination involves the acquisition of 100 per cent equity […]
ONGC approves ₹1,200 crore investment in ONGC Green for PTC Energy acquisition – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation (ONGC) on Monday (February 24) said it has approved an investment of ₹1,200 crore in its wholly owned subsidiary, ONGC Green Ltd (OGL), through a Rights Offer of equity shares. The decision was taken at the company’s Board meeting on February 24, 2025. Company Value Change %Change “In […]
ONGC NTPC Green to acquire 100% stake in Ayana Renewable for ₹19,500 crore – CNBC TV18
[ad_1] NTPC Green Energy Ltd (NGEL) on Wednesday (February 12) announced that ONGC NTPC Green Private Ltd (ONGPL), its 50:50 joint venture with ONGC Green Ltd (OGL), has signed a share purchase agreement (SPA) to acquire a 100% stake in Ayana Renewable Power Private Ltd for an enterprise value of ₹19,500 crore ($2.3 billion). Company […]
ONGC issues clarification on reports of green energy arm’s public listing – CNBC TV18
[ad_1] Oil and Natural Gas Corporation (ONGC) issued a clarification regarding speculation about the potential public listing of its subsidiary, ONGC Green Limited (OGL). The statement follows comments made by ONGC’s Director (Exploration) during a recent interview with The Financial Express. Company Value Change %Change ONGC Director (Exploration) Sushma Rawat discussed the company’s exploration activities, […]