Housing Development Finance Corporation Limited (HDFC) has significantly reduced its shareholding in Hindustan Oil Exploration Company Limited through a series of open market transactions. This move represents a notable shift in HDFC's investment position in the oil exploration company.

Key Details of the Stake Reduction

Impact on Ownership

HDFC's stake in Hindustan Oil Exploration Company has decreased from 11.21% to 8.75% of the company's equity share capital. This reduction occurred over an extended period, with the final transactions bringing HDFC's ownership below the 10% mark.

Company Information

Hindustan Oil Exploration Company Limited has an equity share capital of Rs. 132,24,32,890. The gradual reduction in HDFC's stake suggests a strategic decision to adjust its investment portfolio over time.

This development may be of interest to investors and market analysts monitoring institutional ownership changes in the oil exploration sector.

Hindustan Oil Exploration Company Limited (HOEC) has issued a clarification regarding concerns raised by Hindustan Petroleum Corporation Limited (HPCL) about the quality of crude oil supplied from its Block B-80 field. This development comes in response to an intimation submitted by HPCL to stock exchanges on October 27, 2025.

Key Details of the Crude Oil Supply

HOEC's Response

HOEC has stated that the indicative quality mentioned in the contract was based on a crude assay by an independent approved laboratory, dated July 12, 2025. The company emphasized that:

1. The reported contamination is currently under examination.
2. No loss, damage, or claim is attributable to HOEC under the terms of the agreement.
3. HOEC plans to engage in discussions with HPCL to address the issue.

Historical Context

HOEC highlighted that it has previously supplied substantial quantities of crude oil from Block B-80 without any quality issues. This context suggests that the reported high chloride content may be an isolated incident.

Sampling and Analysis Process

HPCL's quality concerns stem from their own sample analysis:

• Samples were taken by HPCL's surveyor at the offloading port in the B-80 field during the offtake.
• The analysis was subsequently conducted by HPCL, revealing the high chloride content.

Implications and Next Steps

While the situation is still developing, it's important to note that HOEC is taking a proactive approach by:

1. Examining the reported contamination.
2. Planning discussions with HPCL to resolve the issue.
3. Maintaining transparency by promptly informing stakeholders through stock exchange disclosures.

As the situation unfolds, investors and industry observers will likely keep a close eye on how this quality concern is resolved and its potential impact on future agreements between the two companies.