Profit

Oil Ministry okays govt stake sale in IOC, ONGC

PUBLISHED ON: September 6, 2010 | Duration: 2 min, 53 sec

  
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The government plans to sell 10 per cent of its stake in state-owned Indian Oil Corp (IOC) and 5 per cent in Oil and Natural Gas Corp (ONGC) in a deal that could fetch the exchequer about Rs 26,040 crore. The government owns 78.9 per cent in IOC and 74.1 per cent in ONGC.
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