Home » ONGC disinvestment unlikely this fiscal

ONGC disinvestment unlikely this fiscal

Oil & Gas
March 1, 2015March 1, 2015
ONGC disinvestment unlikely this fiscal
Shares

The disinvestment of 5 per cent stake in State-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved. The government on January 30 sold ten per cent stake in Coal India through an offer for sale and raised Rs 22,558 crore, close to one-third of which came from FIIs. While overseas investors put in about Rs 6,000 crore, retail investors pumped in close to Rs 2,000 crore in the issue.

Leave a Reply