Stocks of ONGC decreased more than 5 per cent, hitting the monthly low of Rs 260.50

Stocks of   ONGC decreased more than 5 per cent, hitting the monthly low of Rs 260.50, on reports that the firm’s board authorized documents for a planned stock sale through follow-on-offer ( FPO).
The state- owned firm is waiting for authorization from Department of Disinvestment to file the sale documents with the market_ regulator the SEBI, a press report shows quoting A K Hazarika, chairman, ONGC.

The govt proposes to divest 5 per cent of its share in the firm that would reduce its share in the firm to 69.14 per cent. The govt anticipates to mop up Rs 10,800 cr via the FPO, anticipated to reach the market in 2nd half of September. The road shows are possibly to begin from next week.

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

What Is The Floor Price?

What Is The Floor Price? Floor price is the minimum price where bids can be made. Book Building is fundamentally a procedure utilized in IPOs for effective price finding. The ...…

Bombay Stock Exchange Of India (BSE)

Bombay Stock Exchange Of India (BSE) Bombay Exchange Sensitive Index ( SENSEX) - the benchmark index of the Bombay Stock Exchange (BSE)  also called the "BSE 30", is a widely used ...…

Delisting of securities

Delisting of securities The word 'Delisting of securities' indicates permanent elimination of securities of a listed firm from a stock exchange. As a result of delisting, the securitie's ...…

Who determines the IPO price?

Who determines the IPO price? The regulators don't play a role in fixing the price for IPO issues. The firm determines the value or price band in discussion along with ...…

Mean For Preferential Issue

Mean For Preferential Issue A Preferential issue is an issue of stocks or of convertible securities through listed firms to a select number of person's under Section 81 of ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics