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Valid bids worth Rs. 12,766.75 crore received through disinvestment of 42,04,16,170 shares of ONGC; Volume weighted average price was Rs. 303.67 per share against floor price of Rs.290

2-3-2012

Contents

Press Information Bureau

Government of India

Ministry of Finance

02-March-2012 18:30 IST

The offer for sale of shares through Stock Exchange mechanism for disinvestment of 5% paid-up equity capital of ONGC comprising of 42,77,74,504 shares was conducted on both NSE and BSE on 01^st March, 2012 following SEBI’s recently announced Guidelines. The details of the bids received are as under:

Bid Details	No. of bids	No. of shares	Bid Amount in Rs. in crore
Total bids received	3982	54,06,12,890	16460.02
Total bids cancelled by members or due to insufficient funds	1219	12,01,96,720	3693.27
Valid bids	2763	42,04,16,170	12766.75

The Volume Weighted Average Price was Rs.303.67 per share against Floor Price of Rs.290/-.

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DSM/SS/HB

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