News WrapGet Handpicked Stories from our editors directly to your mailbox

ONGC share sale

Govt to divest a stake in ONGC this fiscal: Minister

Government was to sell 5 percent of its stake in the country's biggest oil and gas producer ONGC to raise Rs 17,000-18,000 crore.

Jan 28, 2015, 12:45 PM IST

Citi, HSBC, UBS among 5 bankers to manage ONGC share sale

The government had last sold 5 percent stake in ONGC in 2012 for Rs 14,000 crore.

Aug 26, 2014, 15:53 PM IST

DoD to appoint merchant bankers for ONGC stake sale

The Department of Disinvestment has kickstarted the process of 5 percent stake sale in ONGC and invited bids for appointing merchant bankers to manage the share sale, which could fetch over Rs 17,700 crore to the exchequer.

Jul 16, 2014, 20:02 PM IST

Keep price low for disinvestment, whatever be method: Experts

It is a fair price, and not the method, that could ensure success in the government's disinvestment drive, market experts feel in the wake of the ONGC share sale by an innovative auction barely scraping through last week.

Mar 04, 2012, 12:25 PM IST

ONGC stock gains over 3% ahead of share sale

The government on Tuesday decided to offload five percent stake in ONGC through the auction route on March 1 at a floor price of Rs 290 a share. The planned sale of ONGC shares could fetch the government about Rs 12,000-13,000 crore.

Feb 29, 2012, 11:49 AM IST

Govt to move ahead with ONGC stake sale, BHEL in next fiscal

Running against time to raise Rs 40,000 crore from disinvestment by March-end, the government is planning to move ahead with 5 percent stake sale in the oil major ONGC through the auction route in the current fiscal.

Feb 15, 2012, 14:12 PM IST

ONGC share sale unlikely this fiscal: Source

The government had decided to delay the share sale, valued at around $2.5 billion, due to poor market conditions.

Nov 18, 2011, 17:40 PM IST

FinMin to decide on timing of ONGC FPO

The timing of the Rs 11,500-crore share sale in state-owned ONGC will be decided by the Finance Ministry, Oil Secretary G C Chaturvedi said on Wednesday.

Oct 19, 2011, 13:06 PM IST

Govt postpones Rs 12,000 crore ONGC share sale again

The government has deferred its proposed Rs 12,000 crore share sale in state oil and gas explorer ONGC by at least two weeks due to unfavourable market conditions.

Sep 16, 2011, 12:44 PM IST

ONGC's FPO postponed by 15 days

The government has postponed the proposed Rs 12,000-crore share sale in state-owned Oil and Natural Gas Corp (ONGC) by 15 days to early October.

Sep 16, 2011, 00:04 AM IST

ONGC share sale may open on September 20 or 27

State-owned Oil and Natural Gas Corp's (ONGC) much-delayed Rs 12,000 crore follow-on public offer may open on September 20 or 27.

Aug 30, 2011, 13:53 PM IST