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Friday, September 16, 2011 - 05:30 IST
Government Defers $2.5B ONGC Share Sale
BY TEAM VCC
ONGC is the third most-valued company in India, behind Reliance Industries and Coal India.
The government has deferred a follow-on public offer (FPO) to sell 5 per cent of its holding in the state-run oil and gas major ONGC, which would have fetched around $2.5 billion.
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