ONGC Share Sale likely in early July Month

ONGC

MUMBAI: A share selling in Indian state-run traveler Oil & Natural Gas Corp is likely in first July, a senior government representative thought on Monday.

"We maintain cabinet support in place of four shared issues. SAIL will be subsequently month, after that we'll maintain ONGC in first July," Divestment Secretary Sumit Bose told reporters.

The ONGC share selling, likely to raise up to $2.8 billion, is part of a wider diagram by the government to retail stakes in not far off from 60 state-run firms on the subsequently a small number of years to bring to an end its fiscal discrepancy and garner funds in place of social welfare programmes.