Report says that the company will use the amount for part-payment towards 15% stake picked up by the Indian explorer in Russia’s Vankorneft for $1.25 billion in September 2015.
ONGC Videsh is planning to raise $1 bn in April from the overseas market, according to reports.
Report says that the company will use the amount for part-payment towards 15% stake picked up by the Indian explorer in Russia’s Vankorneft for $1.25 billion in September 2015.
The acquisition has to be completed by May, says report.
Oil & Natural Gas Corpn Ltd ended at Rs. 212.55, up by Rs. 6.1 or 2.95% from its previous closing of Rs. 206.45 on the BSE.
The scrip opened at Rs. 209 and touched a high and low of Rs. 214.9 and Rs. 208.5 respectively. A total of 6462535(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 181846.94 crore.
The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 343 on 05-May-2015 and a 52 week low of Rs. 188 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 214.9 and Rs. 201.9 respectively.
The promoters holding in the company stood at 68.93 % while Institutions and Non-Institutions held 17.49 % and 13.57 % respectively.
The stock traded below its 200 DMA.
No comments:
Post a Comment