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ONGC share sale may open on 15 March: chairman

ONGC share sale may open on 15 March: chairman
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First Published: Tue, Feb 01 2011. 04 33 PM IST
Updated: Tue, Feb 01 2011. 04 33 PM IST
New Delhi: A planned share sale in Oil & Natural Gas Corp may open on 15 March, said A.K. Hazarika, who took charge as the state-run explorer’s chairman on Tuesday.
Hazarika also heads ONGC’s onshore operations.
Last month, IFR said ONGC has mandated six banks for its follow-on public offer to raise about $3 billion.
The government will divest 5% of its 74.14% stake in the company, IFR said.
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First Published: Tue, Feb 01 2011. 04 33 PM IST
More Topics: Ongc | Share | Sale | IFR | PSU |