The government has approved a 10 per cent stake sale in Indian Oil Corporation to ONGC and OIL, which will fetch about Rs 5,300 crore to the exchequer. The share sale price has been fixed at Rs 220, while the scrip was trading at Rs 248.45. The sale of 10 per cent stake or 24.27 crore shares will be through an off market transaction, with ONGC and OIL buying 5 per cent stake each.
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Home » Govt approves 10 pc stake sale in IOC
Govt approves 10 pc stake sale in IOC
Oil & Gas
April 1, 2014April 1, 2014
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