Indian Oil Corporation Follow On Public Offer

Indian Oil Corporation fpo launch dateThe India’s biggest oil refining and marketing firm IOC (Indian Oil Corporation) FPO may be launched in Dec,

Department of Disinvestment is actually revisiting the chance of an follow on public offer in Indian Oil Corporation. Department of Disinvestment was fighting that any follow on public offer in government oil marketing firms is likely only if the present skewed rates structure for cooking as well as auto fuels is corrected.

Govt may divest 10percent via this FPO offer and new equity issuance will likely be of 10percent. Therefore in most, govt is preparing 20 percent stake sale in Indian Oil.The Indian government possess 80.35 % in Indian Oil Corporation.

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