Mumbai: It is one leadership position that state-run energy giant Oil and Natural Gas Corporation Ltd (ONGC) could have done without, but nevertheless finds itself topping the list of corporates against whom investor complaints are pending for more than two months.
ONGC, which happens to be the country's largest corporate entity in terms of market capitalisation, is facing as many as 17 complaints pending against it for more than two months, which is highest for any company listed and trading on the National Stock Exchange (NSE).
The exchange said in a statement that out of the companies whose securities are traded on NSE, ONGC leads the tally with 17 complaints, followed by Administrator of Specified undertaking of Unit Trust of India and Sterlite Industries India Ltd, who are facing five complaints each.
The number of pending complaints is as on September 30, NSE said.
Other corporates with highest number of complaints pending include PSU gas major Gail India, FMCG major Hindustan Lever (HLL), Nalwa Sons Investments Limited, Monnet Ispat, PSU telecom major Mahanagar Telephone Nigam Ltd (MTNL), Oswal Chemicals and Fertilisers Ltd and Reliance Petroleum Limited, who have two complaints each pending against them.
Vatsa Corporations Ltd leads the tally of corporates whose securities are suspended or withdrawn from trading on NSE, in terms of the number of complaints pending against them for a period of more than two months as on September 30, 2006.
Vatsa Corporations has 80 complaints pending against it, followed by Soundcraft Industries Ltd with 28 complaints. Pal Peugeot Ltd is facing 12 complaints, Enkay Texofood Industries Ltd has eight complaints and Arihant Industries Ltd has five complaints pending against it.
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