Govt may sell 5 pct stake in ONGC: Chairman

The government is likely to sell 5 per cent stake in Oil and Natural Gas Corp to raise 130 billion rupees ($2.8 billion), the state-run firm's chairman R S Sharma told reporters today.

The government is likely to sell 5 per cent stake in Oil and Natural Gas Corp to raise 130 billion rupees ($2.8 billion), the state-run firm's chairman R S Sharma told reporters on Tuesday.

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"Most likely it will happen this fiscal year," he said.