https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

ONGCV To Liquidate 27% Stake In Loss Making Tamba BV, Netherlands

Tamba BV is a Hague-based Dutch company incorporated in 2006
Indian Masterminds Stories

ONGC Videsh Limited, an ancillary company of the Maharatna PSU ONGC, recently received an “in-principle approval” from its Board of Directors to liquidate its stake in Tamba BV, Netherlands. ONGC Videsh announced in a regulatory filing that it affirmed the liquidation of a 27% equity stake in the associate company.

The official statement read, “It is hereby informed that the Board of Directors of ONGC Videsh Limited (OVL), a wholly-owned subsidiary of the Company, at its 494th meeting held today i.e. 26.07.2024 has accorded, in-principle, approval for the liquidation of Tamba B.V., Netherlands (an Associate Company of OVL, with 27 percent equity stake through one of its subsidiary).” The state-owned company further mentioned, “Tamba B.V. currently has no business and therefore liquidation will save the operational costs and as such will not have any significant impact on the Company’s business operations.

Tamba BV is a Dutch company incorporated in 2006 to acquire, charter or lease equipment and sell, charter or lease these assets to facilitate the development and production of hydrocarbons in the BC10 concession in the Campos Basin area in Brazil.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
UP Government Uttar Pradesh Yogi
Uttar Pradesh: Yogi Govt Transfers 8 IAS Officers, Appoints Masoom Ali Sarwar as Waqf Board CEO
Y-Puran-Kumar
Haryana IPS Y Puran Kumar Suicide: IAS Wife Amneet Kumar Files Complaint Against DGP and SP Over Explosive Note
shastri-bhawan
“I Just Couldn't Take It Anymore” - The Untold Story Behind CSS Officer Deepak Khoda’s Suicide Attempt at Shastri Bhawan | Exclusive Interview
grse mou
GRSE Signs Strategic MoU to Boost Indigenous Development of Advanced Naval Navigation Systems
Mazagon_Dock_Shipbuilders_Ltd_Organizes_Diwali_Mela_
Mazagon Dock Shipbuilders Ltd (MDL) Hosts Diwali Mela to Boost Vigilance Awareness and Empower Rural Self-Help Groups
NALCO_MOU_
NALCO Foundation Signs MoU to Boost Skill Development and Livelihood Opportunities for Rural Youth
Concor
Dividend Alert: CONCOR to Announce Q2 FY26 Financial Results and Second Interim Dividend on November 11
ircon and coal india
Coal India Partners with IRCON to Strengthen Rail Network for Seamless Coal Transportation
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
Jitendra Baghel MPPSC
7 Years, 4 Interviews, Now Dy.SP: How Jitendra Baghel Cracked MPPSC Through Relentless Struggle
Jitendra Baghel’s inspiring journey from a humble farming background to MPPSC Dy.SP showcases relentless...
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
UP Government Uttar Pradesh Yogi
Uttar Pradesh: Yogi Govt Transfers 8 IAS Officers, Appoints Masoom Ali Sarwar as Waqf Board CEO
Y-Puran-Kumar
Haryana IPS Y Puran Kumar Suicide: IAS Wife Amneet Kumar Files Complaint Against DGP and SP Over Explosive Note
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT