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DISINVESTMENT IN ONGC
ONGC prefers to sell its entire 49% stake in Pawan Hans: SinhaThe government is in the process of disinvesting its entire 51 per cent shareholding in Pawan Hans.- More PSU stake sale likely in February, MarchBefore CIL, the government had off-loaded 5 per cent of its stake in steel major SAIL, garnering Rs 1,719 crore in the current fiscal.
- Government looks at divestment in oil PSUs, new subsidy sharing wayWith disinvestment in ONGC stuck due to subsidy woes, the government is looking at selling stake in other oil PSUs like Oil India Ltd (OIL)...
- ONGC scrip up 2.6 per cent as Finance Ministry appoints bankers for stake saleONGC was the top gainer among the 30-Sensex scrips. At the NSE, the stock was up 2.61 per cent at Rs 428.90 at the end of trade.
- 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...
- Petroleum Ministry for 5% disinvestment in ONGC: Nirmala SitharamanPetroleum Ministry has accorded in-principle approval for 5 per cent stake-sale in ONGC which may fetch the government about Rs 18,000 cror...
- ONGC, OIL may buy 10 per cent government stake in IOCWith the Petroleum Ministry opposing disinvestment of IOC in the market, ONGC and OIL may buy 10 per cent government stake in Indian Oil Co...
- ONGC disinvestment process successful and satisfactory: S S PalanimanickamThe government has said that method for dilution of its stake in public sector enterprises will be decided on case by case basis.
- 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.
- Government to sell stake in ONGC, BHEL to raise Rs 14,500 crore in FY'12The government is moving ahead with plans of disinvestment in blue-chips ONGC and BHEL through the auction route to raise about Rs 14,500 c...
- Govt trying to raise Rs 10,000 cr through ONGC stake sale this fiscalThe government is working on various options, including the auction route, for raising about Rs 10,000 crore through stake sale in ONGC
- Decision on disinvestment strategy ONGC, BHEL deferredA decision on the disinvestment strategy for ONGC and BHEL was deferred after a meeting of the empowered group of ministers
- No state-run oil firm except Oil India is willing to buy shares of ONGCOil, Gail sitting on cash, but latter doesn't want to make an investment that it may not be able to monetise at an opportune time.
- NBCC on disinvestment radar this fiscal, SAIL FPO next monthThe government said it will divest equity in state-owned National Building Construction Corporation (NBCC) in the second half of the curren...
- SAIL FPO in Jan, ONGC in March, IOC deferred: FinminAiming to raise Rs 40,000 cr through disinvestment in the current fiscal, govt has mopped up over Rs 22,000 cr by diluting its stake in six...
- Big-ticket offers like ONGC, IOC, MMTC to jump disinvestment queueA rejigged disinvestment road map could see big ticket offers come to the front of the queue and smaller ones pushed to the end of the fisc...
- Oil ministry wants clarity on subsidy regime ahead of ONGC, IOC selloffPetroleum Ministry will support disinvestment in ONGC & IOC only after clarity in subsidy sharing formula. Investing in G-secs? Space out e...
- Govt for ONGC IPO in MarchThe Inter-Ministerial Group (IMG) for disinvestment of 10 per cent equity in cash-rich Oil and Natural Gas Corp on Wednesday favoured bring...
- HPCL's Bhatinda refinery should go to ONGC: Disinvestment MinistryIn a bid to facilitate sell-off of HPCL, the Disinvestment Ministry is understood to have suggested transferring the state-owned firm's Rs ...
- Dis Ministry to rope in IOC, ONGC & GAILNEW DELHI: Disinvestment Ministry is believed to have sought divestment of Government equity in navratna oil PSUs -- Indian Oil, Oil and Na...
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