UBS Securities, ICICI Securities and Kotak Mahindra Capital have also been selected for the job, according to sources. As many as 14 merchant bankers made presentations yesterday before the Department of Disinvestment, under the ministry, for managing the ONGC stake sale. Shares of ONGC were trading at Rs 415, down 3.21 per cent over previous close, on the BSE. At the current market price, the 5 per cent stake sale or over 42 crore shares, would fetch over Rs 17,000 crore (Rs 170 billion) to the exchequer.