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India plans $2.8 billion ONGC stake sale by early Dec - sources


NEW DELHI/MUMBAI (Reuters) - The government is planning to sell a 5 percent stake in state-run energy explorer Oil and Natural Gas Corp in the last week of November or the first week of December, two sources directly involved in the deal said on Wednesday.The marketing roadshows for the share sale, worth about $2.8 billion at current market price, are likely to start from Nov. 17 and will last for about a week, said the sources, declining to be named as the details are not yet public."There is a plan to hold roadshows in the U.S., London and Singapore from November 17 to 23 to attract global ...

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First Published: Wed, November 05 2014. 16:37 IST