The government may restart the process of divesting its stake in Indian Oil Corporation following the considerable rise in the share price of oil companies in recent trading sessions. In 2010, the government deferred its plan to offload 10 percent (of its 78.92 percent) stake in Indian Oil because of poor market condition. Following the recent decision by the government to de-regulate diesel pricing partially, the share prices of oil marketing firms and also oil explorers have been rising.
FlashNews:
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