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IOC SHARE SALE
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IOC share sale begins amid bloodbath in marketThe government is looking to raise about Rs 9,302 crore from sale of 24.28 crore shares in IOC through a one-day OFS route.
Government sets IOC share sale floor at Rs 387; to raise Rs 9,302 croreThe government, which holds 68.6 per cent interest in IOC, will sell 24.28 crore equity shares through an offer for sale (OFC) on Monday.
ONGC, Oil India to pick up 10% in Indian Oil at Rs 220 per share; stock up more than 3%IOC shares have gained more than Rs 42 since January 16, when the EGoM on disinvestment cleared the stake sale at the current market price,...
IOC stake sale priced at 10% discount; government to get Rs 5,300 croreThe 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 ea...
EGoM to decide on IOC share sale price tomorrowThe government had offered a 10 per cent shareholding in IOC to ONGC and OIL at a discount of about 10 per cent to the current price.
Panel to discuss alternatives next week for IOC share saleA ministerial panel is likely to meet next week to look at alternatives like selling its shares to other oil PSUs.
Petroleum ministry opposes IOC stake sale at current market pricePetroleum Ministry today opposed stake sale in the nation's largest oil firm at current subdued prices.
EGoM to consider Indian Oil disinvestment on January 9"There is a meeting on January 9 to discuss Indian Oil disinvestment," Oil Secretary Vivek Rae said.
EGoM on IOC share sale to meet on Jan 9 to decide timing"The EGoM was to happen on eighth but now I think it is happening on ninth. The schedule will be decided by EGoM," Moily said.
IOC disinvestment should happen in an appropriate market: M Veerappa Moily"The question is market has to behave properly. We don't want to go to the market where we are not going to get the right price," Moily sai...
IOC investor roadshows in Singapore, Hong Kong this weekGovt will this week hold investor meets in Singapore and Hong Kong for sale of its 10 per cent stake in nation's largest oil firm, IOC.
Indian Oil Corporation disinvestment; roadshows to begin tomorrowIOC believes the govt should not launch the stake sale now as the company share price is 'unduly depressed'. It's scrip closed at Rs 203.15...
Finance Ministry keen on Indian Oil disinvestment in NovemberA share sale under present conditions could fetch a low price and would further dent IOC's efforts to raise loans for crude oil imports.
Indian Oil Corp opposes government stake sale at depressed stock priceIndian Oil Corp opposed the govt move to sell 10 per cent stake in the company as it believes that the share price is "unduly depressed" cu...
Indian Oil Corp disinvestment roadshows postponed"IOC roadshows have been deferred. It is not happening this month. We will see again next month," a government official said.
Petroleum Ministry says time not right for Indian Oil Corporation disinvestmentPetroleum Ministry opposed disinvestment of government stake in Indian Oil Corp in current market conditions.