ONGC Corpn subscribes to rights issue of two JV companies

Oil & Natural Gas Corpn has been issued shares on rights basis:-

1. 70,30,676 equity shares of Rs 100/- each issued by Bharat Ethane One IFSC; and

2. 70,30,676 equity shares of Rs 100/- each issued by Bharat Ethane Two IFSC.

Upon allotment of above shares, Company's shareholding will remain at 50% in both the joint venture entities.

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