Hindustan Petroleum Corporation Limited — Others, 03-07-2025: Disclosure under SEBI Takeover Regulations

Hindustan Petroleum Corporation Limited (HPCL) holds a 16.96% stake in Mangalore Refinery and Petrochemicals Ltd (MRPL), while Oil and Natural Gas Corporation Limited (ONGC) holds 71.63%, together controlling 88.58% of MRPL’s paid-up share capital. There are no encumbrances on the shares held by HPCL and ONGC. This confirms strong promoter backing and shareholding stability in MRPL, which is positive for shareholder confidence and the company’s operational continuity.