Cabinet nod for IndianOil share sale soon
New Delhi   22-Jul-2013

The Cabinet at its meeting next week might approve the sale of a 10 percent of government stake in Indian Oil Corporation (IOC), which could fetch over Rs 4,300 crore to the exchequer, said sources. Citibank, HSBC, UBS Securities, SBI Capital and JM Financial have been selected as merchant bankers.