ONGC FPO will reach the market in several weeks

ONGC FPO will reach the market in several weeks, mentioned BL Ghasolia, advisor_finance at staterun ONGC in an analyst concall.

The Rs 11,500 has_been delayed a few times before because of the firm not having sufficient number of independent_directors on its board. The follow on public offer was then prepared for July 5 however is again deferred. The public offer where govt intends to sell 5per cent (427.77 million stocks) is now being intended to happen following Oil and Natural Gas Corporation reports good earnings in June quarter with 12percent increase in its net profits and revenues.

ONGC FPO will reach the market in several weeks, ONGC FPO date expected, open date expected, ONGC FPO

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