Dorsey Partner David Cameron Comments on ONCG CoC Clause Requirement

Investors should be aware that this is a crucial issue, especially with the Narendra Modi-led government’s publicly stated initiative to divest holdings and promote privatisation and consolidation in a variety of industries, said David Cameron, partner at Dorsey & Whitney.

ONGC tweaks CoC clause on investor pushback; includes more-than-50% government-stake requirement