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 base price for state-run Oil India Ltd's
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 August 31, 2015, Oil India closed at Rs 451.45, down Rs 16.55, or 3.54 percent. The 52-week high of the share was Rs 668.80 and the 52-week low was Rs 413.70.
The company's trailing 12-month (TTM) EPS was at Rs 40.49 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 11.15. The latest book value of the company is Rs 386.24 per share. At current value, the price-to-book value of the company is 1.17.
Set email alert for
ADS BY GOOGLE
video of the day
Sensex can slip to 22K, FY16 GDP sliced to 6.8%: Ambit Cap