Reuters logo
BUZZ-India's IOC & GAIL slump; ONGC may sell stakes
September 28, 2017 / 4:21 AM / 22 days ago

BUZZ-India's IOC & GAIL slump; ONGC may sell stakes

** Shares of Indian Oil Corp Ltd and GAIL (India) Ltd fell as much as 5.35 pct and 3.16 pct, respectively

** IOC was the top pct loser on the NSE index, hitting its lowest level since Aug. 3

** Explorer Oil and Natural Gas Corp Ltd may consider selling its stake in other state-owned firms to partly fund its Hindustan Petroleum Corp Ltd acquisition, its chairman D. K. Sarraf said on Wednesday ** ONGC owns a near 14 pct stake in Indian Oil Corp & a near 5 pct stake in GAIL ** Hindustan Petroleum Corp Ltd tanked as much as 4.89 pct, on track for fourth session of loss in five

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below