ONGC holds 49.36% in OPAL, GAIL (India) Ltd 49.21% and Gujarat State Petroleum Corp. Ltd (GSPC) 1.43% stake, as of March 2016. Photo: ReutersMumbai: ONGC Petro Additions Ltd (OPAL) plans to raise Rs492 crore from Tata Mutual Fund and SBI Fund Management Pvt. Tata Mutual Fund will invest Rs292 crore while SBI Fund Management will invest Rs200 crore, the people mentioned above said on condition of anonymity. ONGC holds 49.36% in OPAL, GAIL (India) Ltd 49.21% and Gujarat State Petroleum Corp. Ltd (GSPC) 1.43% stake, as of March 2016. ONGC, GAIL and GSPC have also been holding talks to bring in private partners into the company.

Source: Mint April 15, 2018 23:48 UTC