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Govt may offload stake in IOC next fiscal year

Govt may offload stake in IOC next fiscal year
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Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14.

Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate.

It is learnt that the government is preparing a list of central public sector enterprises that would go for disinvestment during the next financial year.

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