India asks state-owned oil firm to list overseas unit ONGC Videsh

ONGC. Photo: Livemint

The Indian government has asked its biggest state-owned firm, Oil and Natural Gas , tolist its overseas unit ONGC Videsh, according to a letter seen by Reuters.

The move to float the unit – which has investments in 11 producing assets in countries including Russia, Brazil and Iran – is part of a government push to sell state-assets to raise funds.

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