Hindustan Oil Exploration inks pact to acquire Hardy E&P (India)

VADODARA (BARODA) | MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bouraws on Tuesday, Vadodara (Baroda) headquartered Hindustan Oil Exploration Company Ltd said of having inked conditional agreement to acquire the entire share capital of Hardy Exploration & Production (India) Inc.

The regulatory filing submitted to the exchanges read that, Hindustan Oil Exploration Company Limited has entered into a conditional agreement with Hardy Oil and Gas PLC (“Hardy”), subject to their shareholders’ and other approvals, to acquire the entire share capital of HEPI, a company incorporated in the State of Delaware having an Indian Project Office.

None of the Directors, Key Managerial Personnel or their relatives and the Promoters of the Company are concerned or interested in the said transaction. Also, it is not a related party transaction.

The above information is also available on the website of the Company – www.hoec.com.

Image of Official Communication addressed by the Company to Indian Bourses on Tuesday, 02nd July, 2019.





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