Question
ONGC approved the formation of a Joint Venture for integrated petrochemicals marketing with its subsidiaries MRPL and OPaL. What is the shareholding percentage of ONGC in this JV?
Solution
The shareholding comprises ONGC (50%, Rs. 25 crore), MRPL (25%, Rs. 12.5 crore), and OPaL (25%, to be confirmed).
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