Monday, March 02, 2009

ONGC mulls IPO for Dahej subsidiary, consents to allot 19% stake to GAIL

Oil and Natural Gas Corp (ONGC) is planning an initial public offering (IPO) in about 18 months, to hive off up to 25% equity stake in ONGC Petro-additions Ltd (OPaL), the special purpose vehicle formmed for setting up the petrochemical complex at Dahej SEZ.

For more details on ONGC mulls IPO for Dahej subsidiary, consents to allot 19% stake to GAIL click here

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