Despite getting a poor response from investors in international road shows, sources say the Finance Ministry may push for a 10 percent divestment in Indian Oil Corporation (IOC).
Also read: IOC asks govt to compensate for interest on borrowingsThe Dubai leg of the road show was cancelled while investors in Hong Kong and Singapore have questioned the timing of the divestment given the IOC stock is languishing near its life-time lows.
The other high profile divestment has been the 5 percent stake sale of Coal India which is likely to fetch the government USD 1.5 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!
