ONGC share sale may open on March 15: Chairman

A planned share sale in Oil & Natural Gas Corp may open on March 15, said A K Hazarika, who took charge as the state-run explorer's chairman today.

A planned share sale in Oil & Natural Gas Corp may open on March 15, said A K Hazarika, who took charge as the state-run explorer's chairman on Tuesday.

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Hazarika also heads ONGC's onshore operations.

Last month, IFR said ONGC has mandated six banks for its follow-on public offer to raise about $3 billion.

The government will divest 5% of its 74.14% stake in the company, IFR said.