Among the bankers include Citigroup and ICICI Securities and the ONGC stake sale is expected to be completed by the end of September.
The Department of Divestment has selected five merchant bankers for managing the 5% stake sale of ONGC through the offer for sale mechanism, according to a media report.
Among the bankers include Citigroup and ICICI Securities and the ONGC stake sale is expected to be completed by the end of September, the report added.
At present, the Government holds 68.94% stake in the company and is expected to raise around Rs. 18,250 crore through the stake sale.
On Monday, 14 merchant bankers made presentations before the Department of Disinvestment. Five legal firms also made presentations, the reports further said.
The CCEA is expected to take up the issue at its meeting on August 27.
Among the bankers include Citigroup and ICICI Securities and the ONGC stake sale is expected to be completed by the end of September, the report added.
At present, the Government holds 68.94% stake in the company and is expected to raise around Rs. 18,250 crore through the stake sale.
On Monday, 14 merchant bankers made presentations before the Department of Disinvestment. Five legal firms also made presentations, the reports further said.
The CCEA is expected to take up the issue at its meeting on August 27.
No comments:
Post a Comment