The Cabinet Committee on Privatisation yesterday approved disinvestment of 10 per cent government shares in the Oil and Gas Development Company Ltd (OGDCL) through capital market.
The recommended capital market transaction structure envisages offering shares to institutional international and domestic investors through a combined international book building process.
The offering to international investors will be done through an offering circular, fully compliant to the US Securities Act 1933.
After completion of book building process, a domestic public offering for general public and employees of the company will be carried out using the subscription method.
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