Moneycontrol Be a Pro
Get App
Last Updated : Aug 13, 2015 09:21 AM IST | Source: Reuters

India hires 5 banks for $1.5 bn Indian Oil stake sale: IFR

The government tapped Citigroup, Deutsche Bank, JM Financial, Kotak and Nomura to handle the sale of a 10 percent stake in the oil company, which at current market prices would be worth up to 95 billion rupees, added IFR, a Thomson Reuters publication.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The government has hired five banks to manage a stake sale valued at up to USD 1.5 billion in state-run Indian Oil Corp, IFR reported on Thursday, citing people familiar with the deal.



The government tapped Citigroup, Deutsche Bank, JM Financial, Kotak and Nomura to handle the sale of a 10 percent stake in the oil company, which at current market prices would be worth up to USD 95 billion, added IFR, a Thomson Reuters publication.


Indian Oil didn't immediately respond to a Reuters request for comment on the share sale.

Close


Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 13, 2015 09:12 am
Loading...
Sections
Follow us on
Available On