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GAIL, ONGC to file draft prospectus

NEW DELHI, JAN. 21. Draft prospectus for the upcoming mega public offers in oil PSUs — GAIL and ONGC— are expected to be filed with the Securities and Exchange Board of India within a week even as a host of exemptions were sought by the Government to make the issues slated for this fiscal a grand success. While the prospectus for sale of 10 per cent Government equity in oil exploration major ONGC would be filed on January 27, the same for the GAIL issue would be placed before the capital markets watchdog by January 23, sources associated with the deal said here. — PTI

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