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Disinvestment of 10% of Paid up Equity Capital in Oil India Limited through Offer for Sale (OFS) Mechanism.Completed; Net Proceeds Worth Rs. 3141.39 Crore.Received by The Government through OFS |
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| 5-2-2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Press Information Bureau Government of India Ministry of Finance 05-February-2013 18:41 IST The offer on sale(OFS) transaction in Oil India Ltd. was held on 01.02.2013. A total number of 601,13,157 shares were sold at the cut off price of Rs. 520 against the Floor Price of Rs. 510 per share fixed by the EGOM held on 30.01.2013. The realization has been at an average price of Rs. 523.15 per share. The issue has been oversubscribed 2.57 times and the overall response at NSE and BSE and allocation thereon are as under.
The category wise investors’ participation in the OFS at BSE & NSE and allocation is as under.
The net proceeds to the Government of India , of the OFS are Rs. 3141, 39, 66,246.00 (Rs.3141.39 crore). ***** DSM/RS/Ka |
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