Govt stake sale not to impact IOC's ratings: Moody's
The government's 10 percent stake sale in Indian Oil Corp (IOC) will not have any impact on the company's ratings, Moody's Investors Service and Fitch Ratings said on Wednesday.
Aug 26, 2015, 15:38 PM IST
IOC share sale begins amid bloodbath in market
The government is looking to raise about Rs 9,302 crore from sale of 24.28 crore shares in IOC through a one-day OFS route at a floor or minimum price of Rs 387 apiece.
Aug 24, 2015, 11:22 AM IST
Govt sets IOC share sale floor at Rs 387; to raise Rs 9,302 crore
Government on Saturday fixed the floor price for selling its 10 percent stake in Indian Oil Corp (IOC) at Rs 387 a share -- about 2 percent below last closing -- which is likely to fetch Rs 9,302 crore to the exchequer.
Aug 22, 2015, 14:53 PM IST
