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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.
(For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range. A US share must be priced at $1 or more to be covered by NASDAQ. If the share price falls below that level, the stock is "delisted" and becomes an OTC (over the counter stock). A stock must have a price of $1 ...
WASHINGTON/NEW DELHI (Reuters) - Venezuela's state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a ...
A bonus share issue is most commonly not taxed as a dividend, even if it is charged to retained earnings. However, there may be capital gains or profit on sale implications on the subsequent sale of these shares. In general, the cost base of the bonus shares is usually zero, but if the bonus issue is taxable as a dividend, then the cost base is ...
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.
On 28 March 2003, ONGC acquired A.V. Birla Group's stake and further infused equity capital of ₹600 crores making MRPL a majority-held subsidiary of ONGC. [ 7 ] [ 5 ] The lenders also agreed to the debt restructuring package (DRP) proposed by ONGC, which included, inter alia , conversion of up to ₹3,65,54,884 of the company's loans into equity.
The Government of India would receive a variable share of profit depending on the investment multiple. In December 1994 a joint venture between ONGC (40%), Enron (30%) and Reliance (30%) took control of the field. [3] In 2002 British Gas bought Enron's 30% share of the Panna-Mukta and Tapti fields for $350 million. [5]
Oil and Natural Gas Corporation would invest Rs 425 crore in new exploration in the next two years in the basin. It has already invested Rs 3,400 crore for developing the producing block in North 24-Parganas in the last two years. The crude from this block will be refined from Haldia refinery of Indian Oil. Pradhan also made it clear that land ...