Government e-Marketplace, GeM, saw transactions worth over Rs 5 lakh crore in fiscal 2025-26. This marks a slight decrease from the prior y...

The 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.

The 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.

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,...

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 ea...

The 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.

A ministerial panel is likely to meet next week to look at alternatives like selling its shares to other oil PSUs.

Petroleum Ministry today opposed stake sale in the nation's largest oil firm at current subdued prices.

"There is a meeting on January 9 to discuss Indian Oil disinvestment," Oil Secretary Vivek Rae said.

"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.

"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...

Govt 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.

IOC 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...

A 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 opposed the govt move to sell 10 per cent stake in the company as it believes that the share price is "unduly depressed" cu...

"IOC roadshows have been deferred. It is not happening this month. We will see again next month," a government official said.

Petroleum Ministry opposed disinvestment of government stake in Indian Oil Corp in current market conditions.