News > Govt to sell 1.5% stake in ONGC via OFS on Wednesday

Govt to sell 1.5% stake in ONGC via OFS on Wednesday

CNBC TV18 | 29/03/2022 10:52 PM | Click to read full article

The Narendra Modi government on Tuesday said it's selling a 1.5 percent stake in state-owned Oil and Natural Gas Corporation (ONGC) through an offer for sale (OFS), in a move that's expected to fetch Rs 3,000 crore to the exchequer in divestment receipts.

The government is launching the offer for sale (OFS) on Wednesday (March 30).