Rs. 237 Crores raised by Government after selling small portion of its holdings in Indian Oil Corporation


New Delhi: After selling a small portion of the Government’s holding in the Indian Oil Corporation Limited- IOCL to its employees who are serving in the public sector oil retailer, the Government has now raised 237 crore of rupees fund. The Finance Ministry, which revealing this in its statements, stated that “employees applied for 53.17 per cents of the 1,21,39,762 shares offered for allotment.” And it later disclosed that nearly forty per cents of the employees participated in the said employee offer of Indian Oil Corporation Limited from second day…

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