Friday 18 April 2014
News updated at 3:18 AM IST
Weather
Max: 34.6°C
Min : 22.1°C
In Bangalore
Sunny day

Govt raises $585 million from OIL stake sale

Mumbai, Feb 2, 2013, Reuters:

The Centre raised $585 million through  10 per cent stake sale in state explorer Oil India on Friday.

The government had offered 60.11 million shares at a floor price of Rs 510 per share for bids.

Before the offer, it held about 78 per cent of the company. By Friday's close, the Oil India offer had attracted bids for 154.14 million shares at an indicative weighted average price of Rs 517.99.


Go to Top

Photo Gallery
Voters cross a wooden bridge on the Chenab river to reach a polling station to cast their vote...

Voters cross a wooden bridge on the Chenab river to reach a polling station to cast their vote...

Farmers covering the paddy sacks after heavy rains in Patiala...

Farmers covering the paddy sacks after heavy rains in Patiala...

Women walk through a wheat field on their way to a polling station to cast their votes...

Women walk through a wheat field on their way to a polling station to cast their votes...

People play cricket on a road during voting for Lok Sabha polls in Patna...

People play cricket on a road during voting for Lok Sabha polls in Patna...

People arrive to cast their vote at a polling station in Ajmer district in the desert...

People arrive to cast their vote at a polling station in Ajmer district in the desert...

Newly appointed Chief of Naval Staff Admiral R. K. Dhowan (C) poses for a picture after inspecting..

Newly appointed Chief of Naval Staff Admiral R. K. Dhowan (C) poses for a picture after inspecting..

Voters click pictures of their inked fingers after casting votes for Lok Sabha polls at a ...

Voters click pictures of their inked fingers after casting votes for Lok Sabha polls at a ...

Congress candidate from Bangalore South Nandan Nilekani showing inked finger with his wife Rohini...

Congress candidate from Bangalore South Nandan Nilekani showing inked finger with his wife Rohini...

Voters wait in a queue to cast votes for the Lok Sabha elections in Chikmagalur on Thursday. PTI...

Voters wait in a queue to cast votes for the Lok Sabha elections in Chikmagalur on Thursday. PTI...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523