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<h1>ONGC Disinvestment: 5% Stake Sold via NSE & BSE; 3,982 Bids Received, 1,219 Canceled; Raised Rs. 12,766.75 Crore.</h1> The disinvestment of 5% of ONGC's paid-up equity capital, totaling 42,77,74,504 shares, was conducted on March 1, 2012, through the Stock Exchange mechanism on NSE and BSE. Valid bids amounted to Rs. 12,766.75 crore for 42,04,16,170 shares, with a volume-weighted average price of Rs. 303.67 per share, surpassing the floor price of Rs. 290. A total of 3,982 bids were received, with 1,219 bids canceled due to various reasons, including insufficient funds.