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ONGC SHARE AUCTION
Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...- Govt to consult ONGC, OIL before auctioning fieldsThe government will now consult ONGC and OIL before taking away their discovered small fields for next round of auction to private players.
- Parliamentary panel slams ONGC share auctionA key Parliament committee has come down heavily on the government's share sale in ONGC, calling it financial engineering that transferred ...
- Government holding in ONGC comes down to 69% following stake saleONGC today said the government's holding in the company has come down by 4.91 per cent to 69.23 per cent following stake sale last week.
- Outcome of ONGC auction tarnished PSU's image: Moody'sRatings agency Moody's today said the result of the government stake auction in ONGC has tarnished the image of the oil major.
- Value of LIC investment in ONGC slips by Rs 900 crore in 2 daysLIC, which saved the much-hyped ONGC share auction, has lost around Rs 900 crore in market value of the acquired stake in the oil major.
- Keep price low for disinvestment, whatever be method: ExpertsA tepid response to the ONGC shares from investors other than state-run entities has led to questions being raised about the auction route.
- As ONGC share sale flops, government shuts selloff counterThe plan to sell ONGC's shares was put off last November, when bankers expected the government to raise Rs 9,000 crore.
- LIC pumped in over Rs 12,000 cr to buy 40 crore ONGC sharesLIC pumped in over Rs 12,000 crore and purchased 95 per cent of the equity put on the block in the first-ever stake sale of ONGC through au...
- Auctioned ONGC scrips averaged Rs 303 a shareThe govt said it received an average price of Rs 303.67 for a share of ONGC, 4.71% higher than reserve price in yesterday's auction, thus g...
- Government to analyse ONGC auction before lining up more companiesWith the ONGC disinvestment barely scraping through, Pranab said the govt has decided to study the auction process before stake sale of oth...
- ONGC stake sale fetches Rs 12,666 cr, says PranabTerming the ONGC stake sale as "a great success", Finance Minister Pranab Mukherjee tonight said the government has raised Rs 12,666 crore ...
- Govt manages to succeed with ONGC share sale despite system glitch; issue fully subscribedTop finance ministry officials confirmed that the share sale has been a success and the government has raised the desired proceeds from the...
- ONGC shares drop below auction floor priceErasing early gains, ONGC shares fell nearly two per cent to Rs 288, below the Rs 290 per share floor price set for stake sale via auction ...
- Investors dump ONGC auction; floor price plays spoilsportErasing early gains, ONGC shares fell nearly two per cent to Rs 288, below the Rs 290 per share floor price set for stake sale via auction ...
- ONGC shares drop below auction floor priceMarket experts believed the counters of ONGC fell mainly on account of poor response from investors. Besides, there were concerns of over-p...
- ONGC auction gets bids for Rs 8,500 crore worth sharesThe auction got total bids for 29.22 crore shares, including 19.92 crore on the NSE and about 9.3 crore on the BSE platform.
- ONGC auction gets bids for 1.35 crore sharesThe one-day auction for sale of the 5% stake in ONGC gained further momentum by afternoon trade with total bids for about 1.35 crore shares.
- ONGC shares turn weak as bids pour in for govt stake saleInvestment bankers said that the early bids came at around Rs 293-294 per share level, but the price fell to near Rs 291-292 after about an...
- ONGC issue may be over subscribed; may fetch over Rs 12,500 crExpecting a rally in the share prices of ONGC, market experts hope that in a month's time it would be trading around Rs 320 apiece.
Load More- Government holding in ONGC comes down to 69% following stake sale
