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Showing posts with label ONGC. Show all posts
Showing posts with label ONGC. Show all posts
Friday, November 30, 2012
Sunday, September 16, 2012
Wednesday, September 12, 2012
Tuesday, July 31, 2012
Sunday, July 15, 2012
Monday, March 26, 2012
Sunday, March 25, 2012
Tuesday, March 20, 2012
Monday, February 20, 2012
Monday, February 13, 2012
Friday, February 10, 2012
Sunday, November 27, 2011
ONGC withdraws FPO documents...May file RHP again
State-run oil and gas explorer ONGC has withdrawn its FPO documents filed with market regulator SEBI apparently on the back of weak market conditions, dealing another blow to the Government's disinvestment programme. Last week, an oil ministry official reportedly said that the ONGC FPO may not take place in the year ending March 31. ONGC will file the red herring prospectus (RHP) again if instructed by the Government, Chairman and Managing Director Sudhir Vasudeva said today. "The withdrawal of RHP is technical. The document filed in September had a validity of 90 days and so we have withdrawn it. It is no reflection if the follow-on offer (FPO) is coming or not," he told reporters in New Delhi. "If and when required, we will file it again," Vasudeva said, adding that the timing will have to be decided by the Department of Disinvestment. ONGC had filed the RHP in September for the FPO whereby the Government had planned to sell a 5% stake, or 427.77 million shares, in the company.
Tuesday, November 08, 2011
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