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.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.