Moneycontrol
Feb 28, 2012 10:39 PM IST | Source: CNBC-TV18

It is quick money to govt through ONGC auction: RS Sharma

Speaking to CNBC-TV18, RS Sharma, former chairman of ONGC says that the auction route is a disappointment for retail investors. “However, the government will get money in faster through auction than FPO or other modes,” he says.

After crying wolf too many times, ONGC and the government have finally announced that disinvestment in the oil PSU will be done through an auction on March 1, 2012. Speaking to CNBC-TV18, RS Sharma, former chairman of ONGC says that the auction route is a disappointment for retail investors.

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