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Govt mulling cutting stake in IOC to below 51%

Thursday, November 14, 2019, 4:51 PM

The government may cut its stake to below 51 per cent in the Indian Oil Corporation, ET NOW reported quoting agencies. ET Now in a report said the government is looking to become a minority shareholder in the company. It currently hold 51.5 per cent in the oil major. The stock closed 2.32 per cent higher at Rs 136.95 on BSE.
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India plans to restructure some PSU companies

Thursday, October 24, 2019, 8:01 PM

India is looking at restructuring some government-owned companies, according to an advertisement in the Business Standard newspaper on Thursday. The country's disinvestment department is seeking to appoint advisers for restructuring aimed at "efficient management of the GoI's (government of India's) equities therein". The advertisement did not name the companies that would be restructured.