NIFTY  8,926.90  0.21%
  SENSEX  28,864.70  0.36%
 CURRENCY  Rs  66.93/$ 70.86/€, 83.36/£
  GOLD  29,218.00  -0.28%
  SILVER  42,708.00  -0.30%
  DAX  11,998.60  0.26%
  FTSE  7,302.25  0.38%
  CAC  4,895.88  0.12%
  HANG SENG  24,202.00  0.99%
  NIKKEI  19,379.90  -0.01%
  Shanghai Composite  3,261.22  0.14%
  DOW JONES  20,743.00  0.58%
  NASDAQ  5,865.95  0.47%
  S&P 500  2,365.38  0.60%
RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

Ok With Picking Up 5% IOC Stake: ONGC

Video:

Play this video

January 16: The EGoM has approved the sale of government stake in Indian Oil through block deals to ONGC and Oil India. The government hopes to raise nearly Rs.5, 000 crore through this divestment. Speaking to Bloomberg TV India, ONGC Chairman Sudhir Vasudeva, said, “The government has agreed to not having any lock-in period for IOC stake. Hence, we have the option to sell IOC stake if there is a need for liquidity.”