OPaL Approves Raising Funds Through Private Placement of NCDs up to Rs 4,471 Crore
ONGC Petro additions Limited (OPaL), a debt-listed subsidiary of Oil & Natural Gas Corporation Limited (ONGC), has approved a plan to raise funds through the private placement of Non-Convertible Debentures (NCDs).The approval was granted by the Board of Directors during its 134th meeting, which took place on June 11, 2026.
According to the internal communication, OPaL’s Board approved the proposal for raising funds through a private placement of secured or unsecured, redeemable Non-Convertible Debentures (NCDs). The aggregate amount set for this fund-raising initiative does not exceed Rs 4,471 crore.
This strategic move is subject to the subsequent approval of Shareholders and any other applicable statutory and regulatory requirements.
ONGC Stock Price Movement
Oil & Natural Gas Corporation Limited shares today slipped by 2.24% to settle at ₹246.20, reflecting a modest decline after the trading session concluded. The stock saw heavy investor activity throughout the day, with 31.11 million shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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