OIL share sale fully subscribed, govt to get minimum Rs 3100 cr
"We expect a good response (to OIL issue)," Disinvestment Secretary Ravi Mathur had said yesterday, adding that the floor price of Rs 510 a share was at a good discount.
OIL got listed on stock exchanges in 2009.
As on March 31, 2012, the company had employee strength of 8,096.
The government has fixed a disinvestment target of Rs 30,000 crore for the current financial year. With the OIL issue going through successfully, the receipts from PSU stake sale are set to cross Rs 10,000 crore while two more months are remaining in the current financial year.
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