Govt Asked Applications From Merchant-Bankers For ONGC FPO

Govt Asked Applications From Merchant-Bankers For ONGC FPOThe Govt has asked applications from well-known merchant-bankers, either singly or as a consortium, to behave as book-running lead manager s and also to help as well as guide the Government in the planned divestment of ONGC  stocks.

The Government plans to divest 5percent paid up equity stock of Oil and Natural Gas Corporation out of its shareholding of 74.14percent via a additional public offering in the domestic-market.

At its present rates, the divestment can bring the Govt around Rs 13,500 cr . The FPO is anticipated to hit the market in March.

Based on official sources, the Govt plan to employ 6 merchant bankers. The interested merchant bankers be required to submit their suggestions by January 14, the official mentioned,

NSE BSE daily online stock trading guide by VMV


IPO Tags;

The Govt has asked applications from merchant-bankers, ONGC fpo stock, ONGC fpo offerings, ONGC fpo filings , indian share market invest ment guide

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

4 Blunders To Avoid While Stock Markets Fall

4 Blunders To Avoid While Stock Markets Fall The current outlook on the market seems utmost pessimistic on concerns of High crude oil prices, inflation, high interest hurting corporate earnings etc. Analyst on ...…

What Attention Should One Consider Before Investing?

What Attention Should One Consider Before Investing? [ad name="Banner 468 x 60 Text emage"] Golden rules for new investors Receive written docs describing the investment View and understand this kind of documents Confirm the authenticity of ...…

Primary Markets?

Primary Markets? The market in which investors have the initial opportunity to buy a newly issued security ( IPO ). Companies and other groups obtain financing through ...…

Difference In Between Public Issue And Private Placement

Difference In Between Public Issue And Private Placement When an issue isn't made to just a select group of people however is available to the general public as well as any other investor ...…

Stock Exchanges in India

Stock Exchanges in India Bombay Stock Exchange Ltd. Phone no; 022 22721234 Fax no; 22722082. Web id;  www.bseindia.com Address; Phiroze Jeejeebhoy Towers , ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics