IOC disinvestment

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

IOC share sale begins amid bloodbath in market

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 at a floor or minimum price of Rs 387 apiece.

Aug 24, 2015, 11:22 AM IST

EGoM to consider Thursday ONGC, Oil India buying IOC stake

The Empowered Group of Ministers, headed by Finance Minister P Chidambaram, will meet Thursday to decide on government's 10 percent stake sale in Indian Oil Corporation (IOC).

Jan 15, 2014, 17:38 PM IST

Min panel to discuss alternatives next week for IOC share sale

With Petroleum Ministry opposing disinvestment of IOC in the market, a ministerial panel is likely to meet next week to look at alternatives like selling its shares to other oil PSUs.

Jan 11, 2014, 18:16 PM IST

IOC stake sale decision deferred after Oil Ministry opposition

A group of ministers headed by Finance Minister P Chidambaram today deferred a decision on disinvestment in Indian Oil Corp (IOC) following strong opposition to the stake sale by the Oil Ministry.

Jan 09, 2014, 17:32 PM IST

Petroleum ministry opposes IOC stake sale at current market price

A day ahead of a ministerial panel meeting to decide on disinvestment in Indian Oil Corp (IOC), Petroleum Ministry today opposed stake sale in the nation's largest oil firm at current subdued prices.

Jan 08, 2014, 19:03 PM IST

IOC investor roadshows in Singapore, Hong Kong this week

"Promotional roadshows were last week held in US and London. They will now be held in Singapore and Hong Kong beginning tomorrow," an official said.

Nov 18, 2013, 17:56 PM IST

IOC share sale roadshows in US to start Tuesday

India is reviving plans to sell its 10 percent stake in state refiner Indian Oil Corp , worth about USD 800 million, and will launch investor roadshows in the United States on Tuesday, two sources with direct knowledge of the matter said.

Nov 11, 2013, 09:06 AM IST

Petroleum Ministry says time not right for IOC disinvestment

The Petroleum Ministry has opposed the disinvestment of government stake in Indian Oil Corp (IOC) in current market conditions, saying the country's crown jewels cannot be sold at low prices.

Oct 01, 2013, 15:28 PM IST

Cabinet approves 10% stake sale in Indian Oil Corporation

The Cabinet Thursday cleared the proposal for sale of 10 percent government stake in Indian Oil Corporation (IOC), which may fetch around Rs 3,750 crore to the exchequer at the current market price.

Aug 01, 2013, 20:56 PM IST

Cabinet may take up 10% IOC disinvestment proposal on Thursday

The Cabinet is likely to consider the proposal for sale of 10 percent of government's stake in Indian Oil Corporation (IOC) on Thursday, which may fetch over Rs 3,840 crore to the exchequer at the current market price.

Jul 30, 2013, 19:39 PM IST

Cabinet may take up 10% IOC disinvestment proposal today

The Cabinet is likely to consider on Thursday the proposal for sale of 10 percent of government's stake in Indian Oil Corporation (IOC), which may fetch over Rs 4,300 crore to the exchequer at the current market price.

Jul 25, 2013, 09:46 AM IST

17 merchant bankers in race for IOC disinvestment

Citibank, Goldman Sachs and ICICI Securities are among 17 merchant bankers in the race to manage the sale of 10 percent of the government's stake in Indian Oil Corporation (IOC), which is valued at over Rs 4,300 crore.

Jul 07, 2013, 15:35 PM IST