India eyes listing of ONGC's overseas investment arm - source

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MUMBAI (Reuters) - The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.
"We have received a letter from the ministry on listing of ONGC Videsh," the executive said, adding the divestment department of the finance ministry was pushing for a sale. The executive did not wish to be named as the matter is not public.
He added that ONGC executives would favour delaying a listing, given current low oil prices.
(Reporting by Nidhi Verma; Editing by Clara Ferreira Marques and Douglas Busvine)
First Published: May 28 2015 | 4:23 PM IST