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HPCL continues not to recognise ONGC as promoter; to face real test in selection of directors

Updated : April 21, 2019 01:32 PM IST

For selecting a director of a company where the government or its controlled company has more than 50 percent stake, a PESB panel holders interview from among shortlisted candidates.
Since acquiring a majority stake in HPCL, ONGC has only been able to appoint one director to that firm's board.
HPCL continues not to recognise ONGC as promoter; to face real test in selection of directors

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