IOC sells stake in ONGC for Rs 3669.73 crore

Mumbai, Apr 27: Indian Oil Corporation today sold 1.92 per cent equity of ONGC through bulk deal on the National Stock Exchange (NSE) comprising over 2.74 crore shares.

The deal was struck at Rs 1340 per share amounting to Rs 3669.73 crore for the 274,13,476 shares.

The shares were sold to foreign and domestic financial institutions like Life Insurance Corporation(LIC), HSBC, DWS and Templeton, sources said.

UNI