"The notes#39; rating is in line with ONGC#39;s Baa1 issuer rating, which is in turn primarily driven by its standalone credit profile as captured by the company#39;s baa1 Baseline Credit Assessment (BCA)," says Vikas Halan, a Moody#39;s Senior Vice President.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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