ONGC to buy back over 1.90% equity shares for Rs 4,022 cr

Mumbai, Dec 21  State-owned ONGC on Thursday announced a buyback of 1.97 per cent equity shares at a price of Rs 159 per stock for a consideration not exceeding Rs 4,022 crore.

The buyback decision was taken by the company’s Board in its meeting held on Thursday.

“The company has fixed January 4 as the record date for determining the entitlement and the names of the shareholders or beneficial owners to whom the letter of offer will be sent and