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Disinvestment of 10% govt’s equity in IOC okayed
August 5, 2013August 5, 2013by In Oil & Gas

Disinvestment of 10% govt’s equity in IOC okayed

Disinvestment of 10 per cent paid-up equity in the Indian Oil Corporation (IOCL) has been approved by the Cabinet Committee on Economic Affairs, as per the government's disinvestment policy. The disinvestment will be through Offer for Sale (OFS) method in the domestic market according to the SEBI rules and regulations. After this disinvestment, the government shareholding in the company would come down to 68.92 per cent, after deducting the 10 per cent in the present equity capital holding of