India to sell 10 pct Indian Oil stake on Monday - TV

MUMBAI (Reuters) - India will sell a 10 percent stake in state-run oil marketing company Indian Oil Corp Ltd on Monday through an auction on the stock exchanges, two television channels reported Friday, citing an unnamed government official.

At the current market price of the stock, that stake would be valued at about $1.5 billion.

(Reporting by Devidutta Tripathy; Editing by Clara Ferreira Marques)