Indian Oil Corporation will buy 5% stake for about Rs 1000 crore in oil India Ltd before its listing on the Bourses. According to IOC they will buy one crore Shares of Oil India but they are waiting for the date to be fixed by the Government. Oil India Nation’s Second Larget State run explorer hit the Capital Market last week to raise funds for expansion. The Government fixed the Issue Price at Rs 1050 per share raising about Rs 4982 Crore.
Related Pages :
