Feb 01, 2013, 10.08 AM IST
The base price for state-run Oil India Ltd's share sale, to take place on Friday, has been set at a 5.6 percent discount to its share price, the company said, in a deal that will raise about USD 575 million.
The government will sell a 10 percent stake in Oil India through the auction, as part of its drive to raise Rs 30,000 core by selling shares in some state enterprises in the 2012-13 fiscal year to March.
The floor price for the Oil India auction will be Rs 510 a share, as compared to its Thursday closing price of Rs 540. At the floor price, the government could raise about USD 575 million through the stake sale.
Oil India stock price
On December 09, 2013, at 11:04 hrs Oil India was quoting at Rs 471.25, up Rs 8.50, or 1.84 percent. The 52-week high of the share was Rs 629.70 and the 52-week low was Rs 415.00.
The company's trailing 12-month (TTM) EPS was at Rs 53.52 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 8.81. The latest book value of the company is Rs 319.59 per share. At current value, the price-to-book value of the company is 1.47.
Action in Oil India
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