Ioc Divestment

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  With Indian Oil Stake Sale, Government Eyes Best 'First Half' in 7 Years

  With a 10 per cent stake sale in Indian Oil Corporation scheduled for Monday expected to fetch Rs 9300 crore, the Narendra Modi government's disinvestment kitty may swell to Rs 12,600 crore this fiscal. The figure will be the best 'first-half' in 7 fiscals.

• Indian Oil, Coal India stake sale likely next month: report

  India has revived plans to sell stakes in two state-owned companies to raise about $2.3 billion to boost public finances, aiming to push through a sale by mid-December to take advantage of a share market rally.

• Diesel price hike may boost refiners, divestment drive

  India's move to raise the price of subsidised diesel should help with its plans to sell shares in state companies including Oil India Ltd to help bridge the government's fiscal deficit and give a boost to private oil refiners looking to enter the market for bulk diesel sales.

• SEBI announces steps to expedite stake sales by promoters

  SEBI has opened a new window for share sales and relaxed buyback rules to fast-track sale of promoter's equity

• *Divestment Secy: Oil ministry yet to finalise IOC share sale plan

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• Govt to divest stake in 10 more PSUs; IOC, MMTC also in list

  Aiming to raise Rs 40,000 crore from disinvestment, the government on Wednesday said it will sell its stake in 10 more PSUs, including Indian Oil, MMTC, Coal India Ltd, SAIL, RINL and Shipping Corporation, in the current financial year. "Engineers India is likely to be disinvested in June, Coal India in August, Hindustan Copper in August-Sep...

• Coal India, ONGC, IOC, MMTC divestment to help govt meet FY11 target

  MUMBAI, SEPTEMBER 09: India will meet its Rs 400 billion disinvestment target for fiscal 2010-11 with big-ticket shares sales of Coal India, Oil and Natural Gas Corp, Indian Oil Corp and MMTC, a finance ministry official said Thursday. "We will reach the target of Rs 400 billion," the official said referring to disinvestment plans of government. ...

• Govt plans to divest stake in ONGC, IOC

  The government plans to sell 5 per cent of its stake in Oil and Natural Gas Corp (ONGC) and 10 per cent in Indian Oil Corp (IOC) to raise about Rs 21,000 crore this fiscal, Oil Secretary S Sundareshan said today. "We have received a note from Department of Disinvestment that says they have approval of the Finance Ministry for divestment o...

• CHANGING HANDS: Divestment Update: Govt may sell stake in ONGC, IOC

  MUMBAI, AUGUST 06MUMBAI, AUG 6: TickerNews takes a close look at divestment of government-owned companies and presents the voices and forces that play a key role in the process. This story, filed twice every week, and DISINVESTMENT REGISTER, filed every day, will keep you updated on the latest on divestment.NEWS THIS WEEK--------------Govt plans ...