<h1>Government Approves 5% Disinvestment in ONGC to Broaden Shareholding and Boost Receipts.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved the disinvestment of 5 percent of the Government of India's shareholding in Oil & Natural Gas Corporation Ltd. (ONGC), reducing its stake from 68.94 percent to 63.94 percent. This move aims to broaden the company's shareholding and increase disinvestment receipts. ONGC, a Maharatna public sector undertaking under the Ministry of Petroleum and Natural Gas, was established in 1956 to develop petroleum resources. The disinvestment will be conducted through the Offer for Sale method in the domestic market, following SEBI regulations.