India eyes listing of ONGC's overseas investment arm: Source

The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.

Mumbai: The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.

"We have received a letter from the ministry on listing of ONGC Videsh," the executive said, adding the divestment department of the finance ministry was pushing for a sale. The executive did not wish to be named as the matter is not public.

He added that ONGC executives would favour delaying a listing, given current low oil prices.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.