echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > India plans to sell 1.5% stake in ONGC

    India plans to sell 1.5% stake in ONGC

    • Last Update: 2022-04-26
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

      NEW DELHI, March 30 (Reuters) - India plans to sell up to 1.
    5 percent of the state-owned oil and gas company through an offer starting on Wednesday, according to an exchange filing

    .

      The base price of the offer is set at Rs 159 per share
    .
    The government is aiming to raise 30 billion rupees ($397 million) from the stock sale, which starts on Wednesday for non-retail investors and on Thursday for retail investors over a two-day period

    .

      The government has delayed the initial public offering of the country's largest insurer Life Insurance Company until next year, citing market volatility, ahead of the end of the financial year on March 31
    .

      In the Feb.
    1 budget, the government slashed its asset sales target to Rs 78,000 crore from an earlier target of Rs 1.
    75 trillion

    .
    However, only Rs 12,400 crore has been raised so far

    .

      Shares of Indian Oil and Gas Corp fell 3 percent to nearly 171 rupees in Mumbai on Tuesday
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.