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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 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.

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.

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.

NTPC, IOC trend down as government approves stake sale

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

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.

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.

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.

ONGC, Oil India to buy Indian Oil stake at Rs 220 per share

Oil Minister M Veerappa Moily had on February 28 confirmed the sale would will happen at 10 percent discount.

Govt clears IOC, BHEL stake sale; to get over Rs 7,300 cr

The decision to go ahead with stake sale of 10 percent in IOC and 5 percent in BHEL was taken by the Empowered Group of Ministers on disinvestment, headed by Finance Minister P Chidambaram.

Oil India board approves Indian Oil stake purchase

The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 percent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.

EGoM okays IOC share sale to ONGC, OIL for Rs 4,800-5,000 cr

In the first disinvestment through block deal this fiscal, a ministerial panel Thursday approved selling 10 percent government stake in Indian Oil Corp (IOC) to ONGC and OIL to rake in Rs 4,800-5,000 crore.

Govt examining idea of selling its IOC shares to ONGC, OIL

With the Petroleum Ministry opposing disinvestment of IOC in the market, government is exploring the option of selling its shares to other oil PSUs like ONGC and OIL.

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.

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.

IOC disinvestment; roadshows to begin today

Government will on Tuesday begin roadshows in US for sale of its 10 percent stake in nation's largest oil firm, Indian Oil Corp (IOC), that may fetch as much as Rs 3,900 crore.

IOC disinvestment; roadshows to begin on Tuesday

Roadshows are planned in United States and London this week, sources with direct knowledge of the development said.

Govt targets $2.3 billion asset sales by year-end

The government`s planned sale of stakes in Indian Oil and other state companies including Coal India is critical to relieving pressure on public finances that could put the country`s investment-grade credit rating at risk.

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.