ONGC has only got one member on the board and virtually no say in the management.

BPCL at the close of market on October 4 had a market capitalisation of about Rs 1.11 lakh crore.

Even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500.

Of total money borrowed by domestic companies, USD 3.37 billion was through automatic route of external commercial borrowing,

Securities and Exchange Board of India had asked HPCL to re-file shareholding pattern to stock exchanges by August 13, 2019.

Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.