IndianOil stake sale roadshows from today
New Delhi   12-Nov-2013

The government will on Tuesday begin roadshows in the United States for sale of its 10 per cent stake in IndianOil , the nation's largest oil firm, that may fetch as much as Rs 3,900 crore. Officials from Ministry of Petroleum and Natural Gas and the Department of Disinvestment (DoD) will hardshell the stake sale, which is crucial for meeting government's disinvestment target of Rs 40,000 crore.

Roadshows are planned in US and London this week, sources with direct knowledge of the development said. The issue is likely to hit the market sometime in December, they said.