Business Standard

ONGC rallies 5% ahead of stake sale

Related News

Oil and Natural Gas Corporation (ONGC) has rallied 5% at Rs 296 after the state-run oil exploration and production firm said that it will launch its share sale through an auction on Thursday.

The government will sell 5% of its holding, or about 428 million shares, in the offering and the floor price for the issue has been set at Rs 290 a share. "The day-long auction, will take place on Thursday between 9:15 am and 3:30 pm,” said in a notice to stock exchanges late on Tuesday.

A combined around 600,000 shares have chagned hands on the coutner on opening deals on the NSE and BSE.

Read more on:   
|
|
|
|
|
|

Read More

M&M gains on post February sales numbers

The company reported 11% year-on-year growth in its auto sales numbers at 47,824 units in February 2013.

Quick Links

 

Market News

FII inflows in debt market cross Rs 1 lakh cr mark in 2014

Improved fundamentals of the Indian economy, a decisive mandate to the BJP-led NDA are the main drivers

Alibaba market cap exceeds those of Amazon and eBay combined

Alibaba raised $21.8 billion in its initial public offering, more than any company in the US

Alibaba debuts to roaring demand

The Jack Ma-founded giant, which raised $21.8 billion in its stock sale, instantly became one of the biggest publicly traded technology ...

Silver hits four-year low

Metal hit by fall in demand from local markets due to reduced manufacturing activities

More demand for cheaper diamond jewellery exports

Buyers pick up low priced ornaments this year compared to high priced ones earlier, producers rely on hopes

Back to Top