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Government planning 10% stake sale in IOC

The government plans to raise Rs 40,000 crores through share sale in state-run companies during the current fiscal year

Reuters New Delhi

The government has invited bids to appoint merchant bankers to manage a 10% share sale in the state-run Indian Oil Corporation through a share offer, a government statement said on Thursday.

The government plans to raise Rs 40,000 crores  through share sale in state-run companies during the current fiscal year 2013/14.

The last date for submitting bids in June 26, the statement said.

 

 

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First Published: Jun 06 2013 | 11:25 AM IST

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