India poised for jumbo ONGC share sale
![India_4_230px](https://assets.euromoneydigital.com/dims4/default/355ffa2/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fca%2F99%2F9d5754dd4a9fa4b29678cf04e87c%2Findia-4-230px-80.jpg)
The Indian government announced on July 16 that it is looking to sell a 5% stake in Oil and Natural Gas Corp in a move that could beef up its coffers by around Rp174bn ($2.9bn) based on the current share price.
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