ONGC offer for sale by government: Latest share price, top points
India Today
ONGC's share price rose on Thursday as the government is selling up to 1.5 per cent of its stake through an Offer for Sale (OFS).
The government is selling up to 1.5 per cent of its stake in the country's top oil and gas producer ONGC to raise about Rs 3,000 crore. The "Offer for Sale" (OFS) of the government's equity has so far been subscribed 3.57 times the base size by institutional buyers. Retail investors are bidding on Thursday.
Oil and Natural Gas Corporation Limited (ONGC) share price on Thursday rose by over 1 per cent.
ONGC's share price on BSE was up by 1.02 per cent to Rs 163.90 and on NSE by 1.05 per cent at Rs 163.70.
ONGC share price on BSE can be checked at https://www.bseindia.com/stock-share-price/oil-and-natural-gas-corporation-ltd/ongc/500312/
ONGC share price on NSE can be tracked at https://www.nseindia.com/get-quotes/equity?symbol=ONGC
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted that the OFS of government equity in ONGC has received an "enthusiastic response" from the non-retail investors.
"The issue was subscribed 3.57 times the base size. The government has decided to exercise the green-shoe option," Pandey tweeted.
