ONGC Files For $2.5-Bn Share Sale

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>State-run explorer Oil and Natural Gas Corp has filed the prospectus for its follow on public offer with the markets regulator on Monday, the company said in a statement on Tuesday.<br><br>The 5 per cent stake sale, valued at about $2.5 billion, will include an offer of 419.2 million shares to the public and a reservation of 8.55 million shares for employees, the firm said.<br><br>ONGC's planned share sale, delayed by more than six months, is likely to launch on Sept. 20 and will close on Sept. 23, sources had told Reuters on Monday.<br><br>(Reuters)</p>