Divesting The Block Deal: EGoM To Price 10% IOC Shares To Be Sold

 

Empowered Group of Ministers (EGoM) shall on Saturday decide the price at which 10% shares of Indian Oil Corporation are to be divested. The panel of ministers shall be headed by Finance Minister P Chidambaram. ONGC and OIL shall each buy 5% stake in IOC.
 

http://daily.bhaskar.com/article-dn/MON-divesting-the-block-deal-egom-to-price-10-ioc-shares-to-be-sold-4535486-NOR.html

The 10% shareholding in IOC to ONGC and OIL shall be offered at a discount of about 10% to the current price. ‘The EGoM on IOC disinvestment will meet tomorrow to decide on price of sale to ONGC and OIL’, an official said.
 

for more news at www.daily.bhaskar.com

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