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INDIA MAY APPOINT ADVISORS FOR ONGC, GAIL PUBLIC OFFERINGS.
NEW DELHI, Jan 1 Asia Pulse - The Indian Government has fast-tracked disinvestment of the Oil and Natural Gas Commission and the Gas Authority of India and is likely to appoint in a day or two as many as five advisors for the public offer of shares of the two companies.
The public share offerings are to hit the market this financial year.
While three advisors could be appointed to divest a 10 per cent equity stake in ONGC, another two could take charge of the Gail issue for the sale of 10 per cent of shares, sources associated with the disinvestment process said.
A limited number of merchant bankers have made their ...
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Source: HighBeam Research, INDIA MAY APPOINT ADVISORS FOR ONGC, GAIL PUBLIC OFFERINGS.