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CENTRE TO RAISE Rs14,000 CRORE FROM OIL SELLOFF (disinvestment of 10% stake each in the Oil and Natural Gas Corporation and the Gas Authority of India Ltd).

Asia Africa Intelligence Wire

| January 01, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The Government of India proposes to raise Rs14,000 crore by disinvesting its 10 percent stake each in the Oil and Natural Gas Commission (ONGC) and the Gas Authority of India Ltd (GAIL) in 2003- 2004. This will exceed the budgeted target of Rs12,000 crore. JM Morgan Stanley, …

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