 "ONGC FPO unlikely to take place this fiscal: source")
A follow-on share sale in state-run explorer Oil and Natural Gas Corp is unlikely to take place this financial year ending March 31, 2012, an oil ministry source said on Friday.
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The government had decided to delay the share sale, valued at around $2.5 billion, due to poor market conditions.
The sale was to launch on September 20.
Reuters