ONGC disinvestment unlikely this fiscal

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The disinvestment of 5 per cent stake in state-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved. "The CIl disinvestment and HDFC Bank fund-raising have sucked out liquidity from the market. There is unlikely that the market, especially FIIs, would have appetite remaining after these two big-ticket share sales," a source said.

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