"IOC's follow-on public offer (FPO) would be expected in the third or fourth week of January," Chairman B M Bansal told reporters here.
The government plans to offload 10 per cent of its equity holding in the state-run refiner through the FPO and an equal stake would be diluted by the PSU company. Following the stake sale, the government's holding in IOC would reduce to 64.57 per cent from the existing 78.92 per cent.
IOC's share sale programme is expected to garner close to Rs 20,000 crore.
sourcs :E.T.
The government plans to offload 10 per cent of its equity holding in the state-run refiner through the FPO and an equal stake would be diluted by the PSU company. Following the stake sale, the government's holding in IOC would reduce to 64.57 per cent from the existing 78.92 per cent.
IOC's share sale programme is expected to garner close to Rs 20,000 crore.
sourcs :E.T.
