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ONGC STAKE SALE
Gainers & Losers: LIC, HDFC Bank among 7 top movers on WednesdayDomestic markets ended lower for a second straight session. JP Power surged nearly 20% on Adani Power’s stake-buy deal, while NALCO gained ...
Aditya Birla group, KKR left in race for Sprng EnergyAditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negot...
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buyActis, AV Birla Group & KKR are other contenders in fray, binding bids in coming days.
ONGC to sell stake, seeks global help to develop fieldsONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in deve...
Govt to sell up to 1.5% in ONGC to raise Rs 3,000 crThe floor price for the OFS has been set at Rs 159 per share. This price is at a 7 per cent discount to the Rs 171.05 stock closing price o...
Investor roadshow in US to draw interest in ONGC, Coal IndiaOfficials and executives plan to engage with institutional investors during the roadshow and explain to them the rising earnings prospects ...
Government hurries Rs 40,000-crore stake sale in Coal India, ONGCBoth state run behemoths have started road shows leading to a possible sell down within three weeks, at a slight discount to prevailing sto...
ONGC, NHPC, Coal India slip 2-4% as Cabinet clears divestment proposalsThe disinvestment department has already shortlisted merchant bankers for the ONGC issue, which could hit the market later this month or ea...
- Government clears 5% stake sale in ONGC, may garner Rs 18,000 crore
The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, has cleared the ONGC stake sale proposal.
Government defers decision on ONGC, CIL, NHPC stake saleAs per estimates, disinvestment in the three PSUs could yield over Rs 40,000 crore, enough to meet the target for the current fiscal.
CCEA to look at stake sale of CIL, ONGC, NHPC at 6 pmCCEA will consider selling 10% in Coal India to fetch around Rs 22,568 crore, 5% in ONGC to mop up Rs 18,233 cr and 11.36% in NHPC for Rs 2...
Citigroup, HSBC Securities, UBS Securities among 5 bankers to manage ONGC share saleAs many as 14 merchant bankers made presentations yesterday before the Department of Disinvestment, under the ministry, for managing the ON...
14 merchant bankers line up for managing ONGC stake saleAt the current market price, a 5 per cent stake sale or over 42 crore would fetch about Rs 17,800 crore to the exchequer.
DoD to appoint merchant bankers for ONGC stake saleThe Department of Disinvestment will appoint up to five merchant bankers to manage the OFS and the bidders will have to submit bids by Augu...
- ONGC stake sale fetches Rs 12,666 cr, says Pranab
Terming the ONGC stake sale as "a great success", Finance Minister Pranab Mukherjee tonight said the government has raised Rs 12,666 crore ...
- ONGC auction gets bids for Rs 8,500 crore worth shares
The 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 shares
The 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 sale
Investment 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 shares gains as govt begins 5% stake sale
Shares of ONGC began trading with modest gains in a weak market, as the government began sale of its 5% stake through a one-day auction pro...
- Govt trying to raise Rs 10,000 cr through ONGC stake sale this fiscal
The government is working on various options, including the auction route, for raising about Rs 10,000 crore through stake sale in ONGC