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OIL stake sale

OIL issue fetches Rs 3,141 cr for govt

Government has raised Rs 3,141.39 crore through 10 percent stake sale in Oil India (OIL), with foreign investors getting over 60 percent of the issue.

Feb 05, 2013, 20:33 PM IST

OIL share sale oversubscribed 2.5 times, govt gets Rs 3,100 cr

Cash strapped government Friday garnered Rs 3,100 crore from sale of 10 percent stake in Oil India (OIL), which was a resounding success with the issue being lapped up by more than twice the number investors originally targeted.

Feb 01, 2013, 09:17 AM IST

OIL floor price fixed at Rs 510 a share; auction on Friday

Government has fixed the floor or minimum price for sale of its 10 percent stake in Oil India at Rs 510 per share, a 5.41 percent discount to its current market rate, to garner Rs 3,065 crore for the exchequer.

Jan 31, 2013, 17:55 PM IST

EGoM to meet on Wednesday to decide on OIL stake sale

The Empowered Group of Ministers, headed by Finance Minister P Chidambaram, is likely to meet tomorrow to decide on price and time of sale of government's 10 percent stake in Oil India Ltd (OIL).

Jan 29, 2013, 17:28 PM IST

No decision in EGoM on OIL stake sale pricing

The EGoM was expected to decide on pricing of 6.01 crore shares Thursday so that the issue could hit the market on January 29 as per the tentative schedule.

Jan 24, 2013, 22:11 PM IST

EGoM to decide OIL offer price on January 24

The Empowered Group of Minister (EGoM), headed by Finance Minister P Chidambaram, will meet on October 24 to fix the price for selling 10 percent stake in Oil India (OIL), which could fetch over Rs 3,000 crore to the exchequer.

Jan 20, 2013, 13:29 PM IST