Govt to sell up to 1.5% stake in state-run ONGC to raise ₹3,000 crore

The government will sell up to 1.5% stake in state-run Oil and Natural Gas Corporation (ONGC) through an offer for sale (OFS) to raise up to ₹3,000 crore. The government plans to sell 18.87 crore shares at a floor price of ₹159 apiece. The OFS will open on March 30 and March 31 for non-retail investors and retail investors, respectively.