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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
