Goldman, Citigroup among 5 bankers selected for IOC stake sale
The government has selected five merchant bankers, including Goldman Sachs and Citigroup, to manage the government's 3 percent stake sale in IOC which could fetch about Rs 6,000 crore to the exchequer.
May 26, 2017, 12:17 PM IST
LIC buys nearly 90% of Indian Oil's shares on offer
State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.
Aug 25, 2015, 20:10 PM IST
Indian Oil stake sale full subscribed; govt bags Rs 9,300 crore
The IOC share sale was pulled off by demand from institutional investors who bid for 27.85 crore shares, against 19.42 crore shares on offer. The portion was subscribed 1.43 times.
Aug 24, 2015, 17:03 PM IST
Govt stake sale in IOC subscribed over 57% by 1 pm
A total of 13.95 crore shares were bid for out of 24.28 crore share on offer at a minimum price of Rs 387, as per the data available from stock exchanges at 1300 hours.
Aug 24, 2015, 14:10 PM IST
Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday
In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.
Aug 21, 2015, 18:35 PM IST
NTPC, IOC trend down as government approves stake sale
The Cabinet has approved 5% disinvestment in NTPC and 10% in IOC.
May 13, 2015, 13:20 PM IST
FinMin postpones merchant banker selection for IOC stake sale
The selection of merchant banker to manage the sale of government's 10 percent stake in bluechip Indian Oil Corp (IOC) has been postponed, the Finance ministry said on Thursday.
Feb 05, 2015, 19:38 PM IST
Cabinet likely to consider sale of stake in Indian Oil today
CCEA will discuss the possible sale of a 10 percent stake in Indian Oil Corp as the government finds ways to meet its fiscal deficit target.
Jan 21, 2015, 09:23 AM IST
Govt likely to sell 10% stake in IOC this fiscal, to fetch Rs 8,150 cr
The government is likely to sell 10 percent of its stake in Indian Oil Corp, the nation's biggest company, this fiscal to raise about Rs 8,150 crore.
Jan 14, 2015, 16:57 PM IST
