Subject: ONGC Ltd FPO to open on Sept 20th
1. Upcoming FPO - ONGC Ltd
Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an Follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has not been fixed yet.
Oil and Natural Gas Corporation Ltd (ONGC) is the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.
The issue opens on Sep 20, 2011 and closes for subscription on Sep 23, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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