The Government Approved FPOs Of UCO Bank

The government has approved UCO Bank FPO (follow-on public offer). “We are talking about share sale quantum in RINL and MMTC ” Govt sources say.

Stateowned Shipping Corporation of India’s follow-on public offer is likely in 1st week of Dec and also the issue for Hindustan Copper may occur in 2nd week of Dec.

FPO of IOC and SAIL are likely in Feb as well as Jan, 2010, respectively.

The Govt is thinking about FPO of ONGC for this yr 2010-11. It’s planning to dilute 5percent stake through FPO of this company, reports CNBC-TV18. They expect Rs 10,790 crore from ONGC FPO and Rs 7,947 crore from IOC share sale.

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