ONGC stake sale process begins from Monday | business | Hindustan Times
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ONGC stake sale process begins from Monday

India will begin the process to sell a stake in state run explorer, Oil and Natural Gas Corp (ONGC) on January 24 this year and complete the sale by end March, Disinvestment Secretary Sumit Bose said today.

business Updated: Jan 21, 2011 13:57 IST

India will begin the process to sell a stake in state run explorer, Oil and Natural Gas Corp (ONGC) on January 24 this year and complete the sale by end March, Disinvestment Secretary Sumit Bose said on Friday.

ONGC has mandated six banks for its Follow-on Public Offer (FPO) to raise about $3 billion, IFR reported this month.