Key Figures and Transaction Details
- ONGC received allotment of 71,57,185 equity shares of ₹100 each from Bharat Ethane One IFSC Private Limited
- ONGC received allotment of 71,57,185 equity shares of ₹100 each from Bharat Ethane Two IFSC Private Limited
- Total investment value: ₹143.44 crore (71,57,185 shares × ₹100 × 2 companies)
- Post-allotment, ONGC's cumulative holding in each joint venture company: 1,43,87,861 equity shares of ₹100 each
Dates and Timeline
- Previous disclosure date: 22 January 2026 (initial JV partnership announcement)
- Current disclosure date: 31 July 2026
- Document signing timestamp: 31 July 2026 at 16:09:29 IST
Parties Involved
- ONGC as 50% Joint Venture Partner
- M/s Mitsui O.S.K. Lines Ltd., Japan (MOL) as joint venture partner
- Bharat Ethane One IFSC Private Limited (registered in Gift City, Gandhinagar)
- Bharat Ethane Two IFSC Private Limited (registered in Gift City, Gandhinagar)
Ownership Structure Impact
- ONGC maintains 50% shareholding in each joint venture entity post-allotment
- The share allotment was made on rights basis
- No change in proportional ownership percentage despite additional share acquisition
Financial Impact
The share allotment represents a capital investment by ONGC into its joint venture entities, though the exact financial impact beyond the share count is not quantified in the disclosure.