ONGC FPO slatd for March
at Monday, February 14, 2011
Oil & Natural Gas Corp (ONGC) expects to launch the offer in mid-March.
The FPO is expected to raise Rs. 125-130bn, depending on the government's pricing.
ONGC, may get good response from foreign and retail investors.
The government, which owns 74.14% of ONGC, plans to sell 5% in this offer.
