Saturday, March 3, 2012

LIC saves ONGC auction

02-Mar-2012
Source : NDTV
The government decision to auction 42.77 crore ONGC shares almost turned into a flop show as there weren’t enough bidders.
Life Insurance Corporation saved face by bidding for the rest of the shares. LIC is believed to have invested close to Rs 4,000 crore

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