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.
FlashNews:
CleanMax Raises $575 Million for 1 GW Renewable Push in Rajasthan and Karnataka
ADR Adopted at BRICS Meet, Meghwal Pedals for Sustainability
The New Power Corridor
Mumbai’s Rooftop Solar Revolution: Tata Power Consumers Slash Bills by 50%
GAIL Posts ₹69.68 Billion Profit for FY2025-26 Amid Global Headwinds
RRP Defense Secures ₹298 Million BEL Order for Germanium Lenses
Noida International Airport: India’s New Visiting Card
India, Korea Ink Landmark MoU for Thoothukudi Mega Greenfield Shipyard
Air India Slashes 29 International Routes Amid ATF Price Surge
WABAG, PEAK Partner on Ghaziabad Bio-CNG Plant to Boost Energy Security
DFCCIL, ICFAI Forge Partnership to Drive Innovation in Logistics
S&P Urges Breaking Barriers as India Growth Outlook Moderates
Bhutan, World Bank Seal $515 Million Pact for Dorjilung Hydropower
REC Posts Record ₹162.8 Billion Profit, Declares Highest Dividend
India’s Infrastructure Investments to Surge 50% Despite Global Uncertainties: Crisil Ratings
Future of Himalayas White Paper Calls for Systemic Shift in Development and Resilience
Global Wind Installations Surge 40% as Sector Charts Path Beyond Energy Crisis
Siemens Ushers in Industrial AI Transformation with Eigen Engineering Agent at Hannover Messe
India and Asian Markets Adapt to Middle East LNG Disruption: S&P Global Energy
Home » Govt approves 10 pc stake sale in IOC
Govt approves 10 pc stake sale in IOC
Oil & Gas
April 1, 2014April 1, 2014
Leave a Reply
You must be logged in to post a comment.