Government to hire five banks for up to $993 million IOC share sale
The government is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3 percent stake sale in Indian Oil Corp (IOC.NS) that could raise as much as 64 billion rupees ($993 million), IFR, a Thomson Reuters publication, reported on Friday.
The government owns 58.3 percent of IOC, the country's biggest state-owned oil refining and marketing company.($1 = 64.4400 Indian rupees)
Source:- http://in.reuters.com/article/indian-oil-corpn-sharesale-idINKBN18M1CS
