ONGC has started processing the disinvestment programmes for an additional 5% to get an estimated amount of Rs. 12,000 crore to the Government. The present share of government will fall from 74.14% to 69.14% after the sale. A meeting was held two days back in which the Fund managers LIC, SBI and others were there.

It is understood that the disinvestment of SAIL will be the next. Government is selling family silver one after another at cheap prices!