ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn

Last Updated: Friday, September 4, 2015, 10:59

ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.

Govt looks at divestment in oil PSUs, new subsidy sharing way

Last Updated: Thursday, January 8, 2015, 18:59

With disinvestment in ONGC stuck due to subsidy woes, the government is looking at selling stake in other oil PSUs like Oil India Ltd (OIL) and gas utility GAIL India to meet its revenue targets.

Govt holding in ONGC comes down to 69% following stake sale

Last Updated: Tuesday, March 6, 2012, 13:50

Oil major ONGC, Tuesday said the government's holding in the company has come down by 4.91 percent to 69.23 percent following stake sale last week.

Outcome of ONGC auction tarnished PSU's image: Moody's

Last Updated: Monday, March 5, 2012, 21:00

Ratings agency Moody's on Monday said the result of the government stake auction in ONGC has tarnished the image of the oil major.

LIC bought 37.71 cr shares of ONGC; stake goes up to 9.48%

Last Updated: Monday, March 5, 2012, 15:07

ONGC Monday said LIC picked up 37.71 crore shares in the company during the auction last week and its total holding has gone up to 9.48 percent.

Auction route is OK, but will study ONGC issue: Divestment Secy

Last Updated: Friday, March 2, 2012, 22:22

Undeterred by the criticism over ONGC auction issue, the Disinvestment Department on Friday said it is comfortable with the process and would consider selling government equity in more PSUs through the same method.

Govt to analyse ONGC auction before lining up more cos

Last Updated: Friday, March 2, 2012, 12:48

With the ONGC disinvestment barely scraping through, Finance Minister Pranab Mukherjee, Friday said the government has decided to study the auction process before going ahead with stake sale of other companies.

Day after stake sale: ONGC shares slip 4%

Last Updated: Friday, March 2, 2012, 11:12

ONGC shares fell about four percent in the early trade Friday -- a day after the government managed to succeed with nearly five percent stake sale in the public sector energy giant for about Rs 12,600 crore.

ONGC stake sale fetches Rs 12,666 cr, says Pranab

Last Updated: Thursday, March 1, 2012, 23:59

Terming the ONGC stake sale as "a great success", Finance Minister Pranab Mukherjee Thursday night said the government has raised Rs 12,666 crore from auction of its 5 percent stake in the oil major.

High floor price may have dashed FII interest in ONGC: Experts

Last Updated: Thursday, March 1, 2012, 21:25

A high base or floor price may have played spoilsport in the government's ambitious ONGC stake sale which fell woefully short of the over Rs 12,400-crore target, market experts said Thursday.

ONGC shares turn weak as bids pour in for govt stake sale

Last Updated: Thursday, March 1, 2012, 10:10

Shares of ONGC on Thursday began trading with modest gains in a weak market, as the government began sale of its 5 percent stake in the public sector energy giant through a one-day auction process on the bourses.

ONGC issue may be over subscribed; may fetch over Rs 12.5K cr

Last Updated: Wednesday, February 29, 2012, 18:09

The auction of five percent of government's stake in the oil major will take place between 9.15 am and 3.30 pm Thursday on the BSE and the National Stock Exchange.