Monday, September 5, 2011

ONGC FPO: Govt to sell 5% in the Company

ONGC FPO is expected to open on 20 Sep 2011 and close on 23 Sep 2011. The size of the FPO is around Rs. 12,000 crores.

The government plans to sell 5%, or 427.77 million shares, through the FPO. After the FPO, the government's stake in ONGC will come down to 69.14% from the current 74.14%.

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