The government today said it received an average price of Rs 303.67 for a share of ONGC, 4.71 per cent higher than the reserve price in yesterday’s auction, thus garnering a total of Rs 12,766.75 crore.
“The volume weighted average price (of ONGC shares) was Rs 303.67 per share against gloor price of Rs 290,” the Finance Ministry said a day after the government diluted its five per cent stake in the oil major through auction on BSE and NSE.
From: http://ping.fm/yJGVS
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