India: Govt's plan to sell $16b stake in ONGC in limbo over fuel subsidies

India: Govt's plan to sell $16b stake in ONGC in limbo over fuel subsidies

Photo: Mint

The government’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.

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