Moneycontrol
Aug 24, 2015 10:30 PM IST | Source: CNBC-TV18

Institutions bail out IOC stake sale; retail interest nil

This fiscal‘s biggest offer for sale, which is IOC's, has already been subscribed over once because of the general category seeing some demand coming in the last hour or so.

Institutions bail out IOC stake sale; retail interest nil
Institutional buyers rescued the Indian Oil Corporation’s offer for sale (OFS) aimed at helping the government raise funds, reports CNBC-TV18. 

This fiscal’s biggest offer for sale, which is IOC's, has already been subscribed over one time because of the general category seeing some demand coming in the last hour or so.

With the total offering posting a subscription of less than 0.2 percent, it has been a dampener in the retail segment.

This is largely due to open market price falling below the set floor price of Rs 387 per IOC share.
X
Sections
Follow us on
Available On