business

To include ONGC, SAIL FPO proceeds in FY12: Divestment Secy

The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer—SAIL and ONGC—will be accounted for in the next fiscal," he said.

first published: Mar 1, 2011 01:57 pm