Arun Shourie, minister for disinvestments, told local media that the error would be rectified. Around 52 individuals will have to return around 400,000 excess shares.
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Share Offering — Gone Bad
Wealthy investors, who were allotted extra shares of...
Wealthy investors, who were allotted extra shares of India's upstream producer Oil and Natural Gas Corp., will get a revised allocation.
Shares of ONGC were over-allocated by a Mumbai-based transfer agent MCS to high networth individuals in the ONGC public issue last month. As a result the National Securities Depository, NSDL, froze all depository transfers.
Arun Shourie, minister for disinvestments, told local media that the error would be rectified. Around 52 individuals will have to return around 400,000 excess shares.
Arun Shourie, minister for disinvestments, told local media that the error would be rectified. Around 52 individuals will have to return around 400,000 excess shares.
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