Hindustan Oil Exploration hikes participating interest to 60% in B-80 field
Fri, Dec 11, 2020 6:01 PM

Hindustan Oil Exploration hikes participating interest to 60% in B-80 field

A Flip by Flipitnews
Get it on Google Play
Hindustan Oil Exploration Company Limited (HOEC) on Friday increased its participating interest in Block-80 field to 60% from 50%. It secured a medium-term loan facility of Rs150cr. HOEC affirmed that a Deed of Assignment and Assumption will come into effect with Adbhoot Estates Private Limited (Adbhoot) for assigning 10% of its participating interest in favour of HOEC.

More great flips

Why Vincerx Pharma (VINC) Stock Is Falling

Why Vincerx Pharma (VINC) Stock Is Falling

Vincerx Pharma Inc VINC shares are trading lower by 9.7% to $0.81 during Friday’s session after the company priced an underwritten public offering, including 6 million shares of common stock with accompanying warrants to purchase the same number of shares, and pre-funded warrants for up to 16 million shares with accompanying warrants.

Open Flip
Why Is HCA Healthcare Stock Trading Lower On Friday?

Why Is HCA Healthcare Stock Trading Lower On Friday?

HCA Healthcare Inc HCA reported on Friday its first-quarter revenues of $17.34 billion, up from $15.59 billion a year ago, beating the consensus of $16.78 billion. The hospital chain reported adjusted EPS of $5.36, up from $4.93 a year ago, beating the consensus of $5.36. “The strong fundamentals we saw in our business this past year continued into the first quarter of 2024."

Open Flip
Why ResMed Stock Is Soaring Today

Why ResMed Stock Is Soaring Today

Shares of ResMed (NYSE: RMD) had soared 16.2% higher as of 11:50 a.m. ET on Friday. The big jump came after the healthcare technology company reported results on Thursday evening for its fiscal 2024 third quarter, which ended March 31.For the quarter, ResMed reported revenue of $1.2 billion, up 7% year over year, and earnings per share of $2.04, based on generally accepted accounting principles.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon