HomeNewsBusinessIPOGovt must nail subsidy sharing plan before ONGC FPO: Udayan

Govt must nail subsidy sharing plan before ONGC FPO: Udayan

There are a lot of talks around where the ONGC FPO may be priced at. CNBC-TV18’s managing editor Udayan Mukherjee’s sense is if he were in the government’s shoes, in the next couple of days, he would come out with a firm subsidy sharing plan

September 07, 2011 / 10:23 IST
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The government plans to sell 5% of its 74.14% stake in ONGC through a follow-on public offer (FPO) as part of its plan to raise Rs 40,000 crore through sale of shares. Turmoil in global markets saw the offer postponed twice this year already. The FPO opens on September 20, 2011 and will close on September 23. All proceeds of the offer will go to the Government of India.


There are a lot of talks around where the ONGC FPO may be priced at. CNBC-TV18
first published: Sep 7, 2011 10:00 am

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