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

live

bselive
nselive

Volume

Todays L/H

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

Discover 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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347