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IOC stake sale News

26 May 2017

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.

25 Aug 2015

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.

Indian Oil Corporation

25 Aug 2015

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.

24 Aug 2015

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.

22 Aug 2015

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.

13 May 2015

NTPC, IOC trend down as government approves stake sale

The Cabinet has approved 5% disinvestment in NTPC and 10% in IOC.

Bluechip companies

05 Feb 2015

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.

21 Jan 2015

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.

14 Jan 2015

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.

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