However, the board of the oil explorer has already granted permission for the same.
ONGC Chairman, AK Hazarika said that the offer date is the job of the Department of Disinvestment and they are waiting for the communication.
This follow-on share sale plan is likely to raise about $2.8 billion but, has been kept on hold as a result of the surging crude oil prices.
Moreover, the increased subsidy burden also kept ONGC from the market.
Oil and Natural Gas Corporation Limited is an Indian state-owned oil and gas company headquartered at Dehradun, India.
It is a Fortune Global 500 company ranked 413, and contributes 77% of India's crude oil production and 81% of India's natural gas production.