EFT Report, New Delhi: The government of India will offload its 10 per cent equity in Oil India Ltd (OIL) on Friday (Feb. 1, 2013), which may fetch the exchequer up to Rs 3,000-crore.
The decision was taken at a meeting of the Empowered Group of Ministers, headed by Finance Minister P Chidambaram, today.
"Proposal has been cleared. Disinvestment will take place on February 1 through OFS route. Roughly we will raise Rs 2,500-3,000 crore," Petroleum Secretary G C Chaturvedi said.
The decision was taken at a meeting of the Empowered Group of Ministers, headed by Finance Minister P Chidambaram, today.
"Proposal has been cleared. Disinvestment will take place on February 1 through OFS route. Roughly we will raise Rs 2,500-3,000 crore," Petroleum Secretary G C Chaturvedi said.
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| Oil India Ltd (OIL) |
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