{"id":480760,"date":"2022-03-31T11:29:04","date_gmt":"2022-03-31T05:59:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=480760"},"modified":"2022-03-31T12:57:52","modified_gmt":"2022-03-31T07:27:52","slug":"ongc-ofs-institutional-buyers-portion-over-subscribed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-ofs-institutional-buyers-portion-over-subscribed\/","title":{"rendered":"ONGC OFS: Institutional buyers portion over-subscribed"},"content":{"rendered":"<p>The government&#8217;s 1.5 per cent stake sale in ONGC witnessed a smooth start on Wednesday, with institutional buyers putting in bids worth Rs 4,854 crore and over-subscribing the portion reserved for them.<\/p>\n<p>The government is selling up to 1.5 per cent of its stake in the country&#8217;s top oil and gas producer ONGC at a floor price of Rs 159 a share to raise about Rs 3,000 crore through a two-day offer for sale (OFS).<\/p>\n<p>Institutional investors over-subscribed their portion by 3.57 times by putting in bids for over 30.35 crore shares. Over 8.49 crore shares were reserved for them.<\/p>\n<p>At the indicative price of Rs 159.91 a share, the bids by institutional investors are worth Rs 4,854 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government&#8217;s 1.5 per cent stake sale in ONGC witnessed a smooth start on Wednesday, with institutional buyers putting in bids worth Rs 4,854 crore and over-subscribing the portion reserved for them. The government is selling up to 1.5 per cent of its stake in the country&#8217;s top oil and gas producer ONGC at a floor price of Rs 159 a share to raise about Rs 3,000 crore through a two-day offer for sale (OFS). Institutional investors over-subscribed their portion by 3.57 times by putting in bids for over 30.35 crore shares. Over 8.49 crore shares were reserved for them. [&hellip;]<\/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":[130,211,144],"tags":[],"class_list":["post-480760","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/480760","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=480760"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/480760\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=480760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=480760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=480760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}