THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Friday, September 07, 2001

• AGRI-BUSINESS
• COMMODITIES
• CORPORATE
• FEATURES
• INDUSTRY
• LETTERS
• MACRO ECONOMY
• MARKETS
• NEWS
• OPINION
• VARIETY
• INFO-TECH
• CATALYST
• INVESTMENT WORLD
• MONEY & BANKING
• LOGISTICS

• PAGE ONE
• INDEX
• HOME

Corporate | Next | Prev


British Borneo Oil sells HOEC stake to Jehan Energy

Our Bureau

New Delhi, Sept. 6

BRITISH Borneo Oil & Gas (Netherlands) BV has sold its holding in Hindustan Oil Exploration Company (HOEC) to the UK-based Jehan Energy Ltd.

Jehan Energy has acquired the entire 8.5 per cent equity stake held by British Borneo Gas in a negotiated deal, the amount of which was not disclosed.

The company has informed the stock exchanges about the acquisition. Currently, HOEC shares are being traded at around Rs 20. The 52-week high and low for the share is Rs 23 and Rs 9, respectively.

HOEC is jointly promoted by Unocal Bharat Ltd, Mauritius, Hardy Oil and Gas (Netherlands) BV, British Borneo Oil, HDFC Ltd and IL&FS Ltd.

Comment on this article to BLFeedback@thehindu.co.in

Send this article to Friends by E-Mail


Next: FII limit hiked
Prev: Secondary aluminium makers allege cartelisation
Corporate

Agri-Business | Commodities | Corporate | Features | Industry | Letters | Macro Economy | Markets | News | Opinion | Variety | Info-Tech | Catalyst | Investment World | Money & Banking | Logistics |

Page One | Index | Home


Copyright © 2001 The Hindu Business Line.

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.