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ONGC to consider listing of ONGC Videsh on domestic exchanges: Report

Move part of a government push to sell state assets to raise funds

Reuters  |  Mumbai 

The board of India's top explorer, Oil and Natural Gas Corp Ltd, will consider a proposal this week to list its overseas investment arm, ONGC Videsh Ltd, on domestic bourses, two sources privy to the matter said on Wednesday. The move to float the unit, which has investments in 11 producing assets in countries including Russia, Brazil, United Arab Emirates, Sudan and Venezuela, is part of a government push to sell state assets to raise funds. ALSO READ: ONGC, OIL spend Rs 130 bn on discoveries govt took for auctioning: Pradhan "ONGC has a board meeting on ...

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First Published: Wed, December 19 2018. 15:30 IST
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