Government headhunter Public Enterprises Selection Board (PESB) reportedly called ONGC Chairman and MD Shashi Shanker to assist in selecting the new Finance Director for HPCL. This comes even as Hindustan Petroleum (HPCL) has refused to recognise its majority shareholder ONGC as its promoter. ONGC had in January 2018 bought the government's entire 51.11% stake in HPCL for ₹36,915 crore.