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Government in talks with ONGC for $1 billion share buyback, says report

Updated : September 26, 2018 09:31 AM IST

The government is currently discussing the option of buyback with ONGC and it plans to offer a part of its shareholding back to the company.
ONGC, which has a net debt of about Rs 14,000 crore, is likely to primarily use its internal cashflow and some bit of debt to fund the buyback: report
Government in talks with ONGC for $1 billion share buyback, says report
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