There have been in the last two weeks two major stake sales, one by Citibank in the case of HDFC and the other by the Government of India in the case of ONGC. The two deals had very contrasting styles but would make interesting comparisons. The details are as follows: – Citibank sold its entire […]
Posts Tagged ‘ONGC’
A tale of two stocks: HDFC and ONGC
March 5th, 2012
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ONGC: Offer for Sale turns out to be a fiasco
March 2nd, 2012
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Issue subscribed by friendly investors to the extent of 98.27% in last ten minutes ONGC which was expected to be the big ticket divestment turned out to be a big dampener. The issue which was for 5% of the company’s equity was an offer for sale by the largest shareholder the Government of India. The […]
ONGC FPO: POSTPONED
September 16th, 2011
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ONGC FPO which was scheduled to open on Tuesday the 20th of September 2011 has been postponed. Various reasons including the sudden decision to raise petrol prices with immediate effect by a steep Rs 3.14 per litre and no increase on diesel prices is also mentioned as one of the reasons for the postponement. Irrespective […]
