{"id":280826,"date":"2019-07-08T06:22:27","date_gmt":"2019-07-08T06:22:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=280826"},"modified":"2019-07-08T06:22:27","modified_gmt":"2019-07-08T06:22:27","slug":"govt-set-to-offload-10-each-in-new-india-gic-5-in-ongc-coal-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-set-to-offload-10-each-in-new-india-gic-5-in-ongc-coal-india\/","title":{"rendered":"Govt set to offload 10% each in New India, GIC; 5% in ONGC &amp; Coal India"},"content":{"rendered":"<p>The government will attempt to reduce its stake in PSUs as per the minimum shareholding guidelines this financial year, according to a report by ETNow. <\/p>\n<p>The report said the government may sell 10 per cent stake each in GIC and The New IndiaNSE -1.20 % Assurance to raise about Rs 6,000-7,000 crore. Shares of New India Assurance traded 0.80 per cent lower at Rs 148.50 in morning trade on Monday, while the BSE Sensex was down 411 points, or 1.04 per cent, at 39,101\\. <\/p>\n<p>The government may also sell up to 5 per cent stake in ONGCNSE -4.30 % and Coal IndiaNSE -3.74 % during 2019-20. ONGC shares traded 3.26 per cent lower at Rs 156, while those of Coal India were down 2.48 per cent at Rs 235.90. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government will attempt to reduce its stake in PSUs as per the minimum shareholding guidelines this financial year, according to a report by ETNow. The report said the government may sell 10 per cent stake each in GIC and The New IndiaNSE -1.20 % Assurance to raise about Rs 6,000-7,000 crore. Shares of New India Assurance traded 0.80 per cent lower at Rs 148.50 in morning trade on Monday, while the BSE Sensex was down 411 points, or 1.04 per cent, at 39,101\\. The government may also sell up to 5 per cent stake in ONGCNSE -4.30 % and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-280826","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=280826"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280826\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=280826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=280826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=280826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}