News Release Details
Cabinet plan clears OIL sell-off
New Delhi 20-Sep-2007
IndianOil, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation would acquire stakes in Oil India Limited (OIL), in which the government was looking to divest 10 per cent of its holding. This, along with an ipo by oil, was expected to reduce the effective government stake in the company to 78 per cent from the existing stake of more than 93 per cent.
New Delhi 20-Sep-2007
IndianOil, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation would acquire stakes in Oil India Limited (OIL), in which the government was looking to divest 10 per cent of its holding. This, along with an ipo by oil, was expected to reduce the effective government stake in the company to 78 per cent from the existing stake of more than 93 per cent.