Search This Blog

ONGC FPO on 20th Sept  

ONGC to launch $2.5 billion FPO on September 20: Report

 Reuters

MUMBAI: Oil and Natural Gas Corp's follow-on share sale, valued at around $2.5 billion and delayed by more than six months, is likely to be launched on September 20 and will close on September 23, sources said on Monday.

The sale of a 5-per cent stake by the Indian government is part of a broader proposal to raise about $9 billion through share sales in public sector firms this fiscal year, to help plug the federal government's fiscal gap and generate funds for schemes for the poor.


Sent on my BlackBerry® from Vodafone

AddThis Social Bookmark Button

0 comments

Post a Comment