“The shares have been sold between September 19, 2017 and July 7, 2021 (including these dates). The sale crossed the 2% threshold on a cumulative basis, on July 6, 2021. The sale transactions were carried out through stock exchanges at the prevailing market price,” company said in a filing.
It further said, HOECL was incorporated in India on September 22, 1983 and is engaged in the exploration, development and production of crude oil and natural gas in Jndia1 both onshore and offshore.
The Company is a participant in various oil and gas blocks / fields which are in the nature of joint operation through Production Sharing Contracts (PSC) entered by the Company with Government of India along with other entities.