The Cabinet Committee on Economic Affairs, in
accordance with the Government of India`s disinvestment policy, has
approved the disinvestment of 10 percent paid-up equity in the Indian
Oil Corporation Limited (IOCL), out of its equity capital holding of
78.92 percent. The disinvestment will be through Offer for Sale (OFS)
method in the domestic market according to the SEBI rules and
regulations. After this disinvestment the Government of India
shareholding in the company would come down to 68.92 percent.
The paid up equity capital of the company, as on 31st March, 2013 was Rs. 2,428 crore. The Government of India holds 78.92 percent of the paid up capital in IOCL.
The paid up equity capital of the company, as on 31st March, 2013 was Rs. 2,428 crore. The Government of India holds 78.92 percent of the paid up capital in IOCL.
