E-Paper
State Bank of India plans to bid for ONGC shares
State Bank of India, the country's top lender, plans to bid for state-run Oil and Natural Gas Corp shares, its chairman Pratip Chaudhuri said on Thursday.
Updated on: Mar 1, 2012, 11:38:13 IST
Share via
Copy link
State Bank of India, the country's top lender, plans to bid for state-run Oil and Natural Gas Corp shares, its chairman Pratip Chaudhuri said on Thursday.
The government is set to raise at least $2.5 billion selling a 5% stake in ONGC, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda. The one-day auction started at 9:15 am.