Reports that Oil and Natural Gas Corp has received government nod for selling its stake in IOC and GAIL to help fund the ₹36,915-crore acquisition of HPCL will keep the oil company’s shares in focus. ONGC holds 13.77 per cent stake in Indian Oil Corp, and 4.86 per cent stake in GAIL India. A PTI report quoting sources says that ONGC had received the nod to sell its stake in IOC and GAIL earlier this month, but it is awaiting for the right price to sell.

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