Oil & Natural Gas Corporation Limited (ONGC) — Announcement
📢 Key Event
ONGC subsidiary approves up to ₹4,471 crore NCD raise
💡 Investor Takeaway
This raises funding costs for ONGC's subsidiary but may support expansion if approved.
ONGC disclosed that its subsidiary ONGC Petro additions Limited approved raising up to ₹4,471 crore through private placement of non-convertible debentures, subject to shareholder and regulatory approvals, marking a material capital raise for the debt-listed subsidiary.
About Oil & Natural Gas Corporation Limited (ONGC)
Oil Gas & Consumable Fuels · Oil · Listed on NSE
Market Cap: ₹3,76,590.66 Cr
P/E: 9.9
ROE: 11.0%
ROCE: 14.1%
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.