ONGC share sale likely in July: Official

A share sale in state-run explorer Oil & Natural Gas Corp is likely to be in July as expected, Divestment Secretary Sumit Bose told reporters on Thursday.

June 16, 2011 / 12:41 IST

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A share sale in state-run explorer Oil & Natural Gas Corp is likely to be in July as expected, Divestment Secretary Sumit Bose told reporters on Thursday.

The offering, expected to raise up to USD 2.8 billion, is part of a wider plan by the government to sell stakes in about 60 state-run firms over the next few years to cut its fiscal deficit and garner funds for social welfare programmes.

first published: Jun 16, 2011 12:30 pm

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