The government has planned to sell up to 1.5 per cent of its stake in the country's top oil and gas producer Oil and Natural Gas Corporation (ONGC) to raise about Rs 3,000 crore. The Offer For Sale (OFS) by the government will be open on March 30 and 31. The floor price for the OFS has been set at Rs 159 per share.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
