ONGC FPO put on hold for now - Indian IPO Blog

Sunday, September 18, 2011

ONGC FPO put on hold for now

The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation (ONGC) Limited, has been put on hold for now. The FPO, which is scheduled to open from September 20, 2011, may now be pushed back by atleast 15 days to October 5, 2011.

Oil and Natural Gas Corporation Limited (ONGC) is an Indian state-owned oil and gas company headquartered at Dehradun, the capital of Uttaranchal (aka Uttrakhand). ONGC is a Fortune Global 500 company ranked 413,[2] and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India, according to filings with the BSE of latest quarter results

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