Ahead of an Empowered Group of Ministers (EGoM) meeting to decide how much stake the government should divest in Bharat Heavy Electricals (BHEL) and Oil and Natural gas (ONGC) and via which options, CNBC-TV18 has learnt that they are likely to consider sale of shares via the auction route.
The divestment plan will fetch around Rs 15,000 crore to the government. The Securities and Exchange Board of India, had earlier this month approved the offer for sale of shares through stock exchanges. After the divesting its stakes, the governmentDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
