Announcement

Thursday, December 23, 2010

ONGC FPO to be affected by INR 14000 crore subsidy burden

Investors who would be busy tucking away their hard earned money for the forthcoming ONGC market offering in Q1 2011 need to do a quick rain check on the company’s risk factors.

The ad hoc subsidy burden that ONGC has to bear and the royalty payout on its Cairn assets may not only

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