Govt plans to list ONGC's overseas investment arm
"We have received a letter from the ministry on listing of ONGC
Videsh," a company executive said, adding the divestment department of the
finance ministry was pushing for a sale.
Nidhi Verma- Updated May 28, 2015 4:45 PM IST
The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.
"We have received a letter from the ministry on listing of ONGC Videsh," the executive said, adding the divestment department of the finance ministry was pushing for a sale. The executive did not wish to be named as the matter is not public.
He added that ONGC executives would favour delaying a listing, given current low oil prices.
(Reuters)
Published on: May 28, 2015 4:41 PM IST