Summary
Virtually rejecting ONGC's demand, Hindustan Petroleum Corp Ltd (HPCL) has said it is acting as per its understanding of the statute in not recognising the new majority shareholder as its promoter.
"Whatever we are doing, whatever we have done and whatever we will be doing will be as per our understanding of the statute and the guidelines and Companies Act and the SEBI guidelines...
"Beyond that who is interpreting whatever, it is his understanding of the situation. We need not subscribe to that," HPCL Chairman and Managing Director Mukesh Kumar Surana told reporters.
He was asked about ONGC seeking recogni......