The people of India don’t seem to be getting enough of Indian Oil Corp! It’s going off the hook
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At least 57.50% of the Rs 9,302-crore government share sale in Indian Oil Corp (IOC) was subscribed by 1 p.m. on Monday, but retail subscription was not as enthusiastic in the wake of decline in stock exchanges.According to the data available from
The IOC share sale is the fourth disinvestment this
Moreover, the government holds 68.60% interest in IOC.
The sale began at 9:15 a.m. and received some demands from the retail investors, who are also getting 5% price discount. As against 4.85 crore shares reserved for them, bids for over 22.96 lakh shares or 4.73% came in at 1:05 p.m.
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At the floor price, if the issue is fully subscribed the government, after considering 5% discount being offered to
(Image: Indiatimes)
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