Singapore—The Indian government March 1sold 420.3 million shares—or 98% of thetotal shares offered—in state-owned upstreamcompany Oil and Natural Gas Corporation viaan auction marred by technical glitches andconfusion, and which was reportedly saved bya late purchase of around 400 million sharesby state-run Life Insurance Corporation.The government, which owned a 74.14%stake in the company, had offered 427.7 millionshares, representing 5% of ONGC. A floor priceof Rupees 290 ($6) had been set for the offer.
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机译：新加坡-印度政府于3月1日通过技术故障和混乱破坏了拍卖，出售了国有上游公司Oil and Natural Gas Corporation的4.203亿股股份，占总发售股份的98％，据报道，由于后来又购买了约4亿股股份而得以挽救。拥有该公司74.14％股份的政府提供了4.277亿股股票，占ONGC的5％。该报价的底价定为290卢比（6美元）。
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