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India eyes listing of ONGC's overseas investment arm - source

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Reuters MUMBAI

MUMBAI (Reuters) - 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.

(Reporting by Nidhi Verma; Editing by Clara Ferreira Marques and Douglas Busvine)

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First Published: May 28 2015 | 4:23 PM IST

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