Finally, the date for the opening of Follow-on Public Offer of Oil and Natural Gas Corporation Limited (ONGC) has been declared. The FPO would open for subscription from Tuesday, September 20, 2011
The Issue would consist of 42,77,74,504 Equity Shares. This would comprise of a net offer to the public of 41,92,21,336 equity shares and a reservation of 85,53,168 equity shares for subscription by eligible employees
ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC contributes significantly to India's crude oil production and natural gas production
Check back Indian IPO Blog for the latest updates on ONGC FPO!
Tuesday, September 6, 2011
ONGC FPO to open from September 20, 2011
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