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ONGC stake sale

ONGC stake sale
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Finance Minister Pranab Mukherjee said the government raised Rs 12,666 crore from the auction of its 5 percent stake in ONGC.The minister said auction route to sell government stake in a PSU was a “highly experimental option” and added that the auction was a great success.The final demand was for 42.04 crore shares against an offer of 42.77 crore shares.

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