{"id":281663,"date":"2019-07-11T06:37:15","date_gmt":"2019-07-11T06:37:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281663"},"modified":"2019-07-11T06:46:39","modified_gmt":"2019-07-11T06:46:39","slug":"sub-51-drill-in-oil-psus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sub-51-drill-in-oil-psus\/","title":{"rendered":"Sub-51% drill in oil PSUs"},"content":{"rendered":"<p>State-owned oil firms ONGC, Indian Oil Corporation and GAIL India are the likely candidates for selloffs that would take the government holding in them to below 51 per cent \u2014 which was announced by Nirmala Sitharaman in the budget. The government would, however, like to wield management control in them, which is the case in many private sector companies where the promoters hold less than 50 per cent but still runs the operations. <\/p>\n<p>Officials said the finance ministry would soon approach the cabinet to bring down the government\u2019s stake in some of the state-owned firms to below 51 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned oil firms ONGC, Indian Oil Corporation and GAIL India are the likely candidates for selloffs that would take the government holding in them to below 51 per cent \u2014 which was announced by Nirmala Sitharaman in the budget. The government would, however, like to wield management control in them, which is the case in many private sector companies where the promoters hold less than 50 per cent but still runs the operations. Officials said the finance ministry would soon approach the cabinet to bring down the government\u2019s stake in some of the state-owned firms to below 51 per cent.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-281663","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281663","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281663"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281663\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}