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MRPL, which was a joint sector company, become a public-sector undertaking subsequent to the acquisition of a majority of its shares by ONGC. As of June 2020, 71.63% shares were held by ONGC, 16.95% shares were held by Hindustan Petroleum Corporation Limited (HPCL), and the remaining shares were held by financial institutions and the general ...
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The dividend yield or dividend–price ratio of a share is the dividend per share divided by the price per share. [1] It is also a company's total annual dividend payments divided by its market capitalization, assuming the number of shares is constant. It is often expressed as a percentage.
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The complex is connected with MRPL Refinery from where the feed to the complex is supplied. It is 14 km away from the New Mangalore Port and about 15 km from Mangalore International Airport. On October 19, 2020 the board meeting of MRPL had approved acquisition OMPL, from ONGC (Oil and Natural Gas Corporation) Ltd. [2]
Mangalore Refinery and Petrochemicals Limited (MRPL) Mineral Exploration Corporation Limited (MECL) Mishra Dhatu Nigam; MMTC Ltd. (MMTC) MSTC Limited; National Fertilizers (NFL) National Projects Construction Corporation; National Small Industries Corporation (NSIC) National Seed Corporation (NSC) Northern Coalfields (NCL)
ONGC Mangalore Petrochemicals Limited (OMPL) is an Indian company promoted by Oil and Natural Gas Corporation (ONGC) and Mangalore Refinery and Petrochemicals Limited (MRPL). Both ONGC and MRPL hold respectively 49% and 51% stake in the company.OMPL is a Subsidiary Company of MRPL and also a PSU behalf of share pattern of OMPL.
Dividend stripping is the practice of buying shares a short period before a dividend is declared, called cum-dividend, and then selling them when they go ex-dividend, when the previous owner is entitled to the dividend. On the day the company trades ex-dividend, theoretically the share price drops by the amount of the dividend.