>> Saturday, August 22, 2009

ONGC Videsh IPO , OVL IPO Subscription , Price , Date
ONGC may soon launch IPO for its subsidiary ONGC Videsh Ltd ( OVL ) .

Government is divesting in its jewel companies this year. After many successful IPOs , Government may announce this offering to raise funds for overseas Buy.
ONGC Videsh Ltd is the company engaged in Oil and Gas exploration and it has operations in many countries directly and also through JV.
Operations run through Africa , Asia , America , Russia.
The company has assets in Russia (Sakhalin-I), Syria (Al-Furat Project), Vietnam (Block 06.1), Colombia (Mansarover Energy Project), Sudan (Greater Nile Oil Project and Block 5A) and Venezuela (San Cristobal Project).
And many projects are in Exploration Phase.
IPO Subscription and other information will be posted here.

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