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    HomeNewsBusinessCompaniesGovt to decide on IOC share sale in 3-4 months: Chairman

    Govt to decide on IOC share sale in 3-4 months: Chairman

    The government will take a decision on a share sale for state-run Indian Oil Corp (IOC) within three to four months, the company's chairman said on Friday.

    January 14, 2011 / 13:18 IST

    The government will take a decision on a share sale for state-run Indian Oil Corp (IOC) within three to four months, the company's chairman said on Friday.

    The share sale will include the government offloading 10% of its stake, and a fresh issue of another 10%, BM Bansal said during a trip to Singapore as part of a delegation led by the country's oil minister, Murli Deora.

    Separately, S Sundareshan, the country's oil secretary, said the share sale was expected to raise about USD 5 billion to USD 6 billion.

    first published: Jan 14, 2011 12:54 pm

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