NEW DELHI - The follow-on share sale of India's Oil & Natural Gas Corp. Ltd. will likely take place in November, the additional secretary in the department of disinvestment said Wednesday.
However, the government's Steel Authority Of India share sale may not take place this fiscal year, Sidhartha Pradhan said.
The government aims to raise 400 billion rupees through the sale of stakes in state-run companies this fiscal year through March, but it has been able to raise only about 11.45 billion rupees so far amid weak market conditions.
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