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ONGC FPO likely to hit markets on September 20
Follow-on public offer of state-run Oil & Natural Gas Corporation (ONGC) is likely to hit markets on September 20, reports CNBC-TV18 quoting NewsWire 18.
Follow-on public offer of state-run Oil and Natural Gas Corporation (ONGC) is likely to hit markets on September 20, reports CNBC-TV18 quoting NewsWire 18.
The company's FPO road shows are likely to begin on September 5 while it is likely to file FPO documents with SEBI by September 8.
The stock fell 1.1%, to close at Rs 274.95 a share on BSE. Market capitalisation of the company stood at Rs 235,233.20 crore.
The FPO has been deferred several times in the past due to the company not having adequate number of independent directors on its board. The FPO was then planned for July 5 but was again deferred.
