Indian Oil trades flat after govt sells 2.7% stake


Indian Oil trades flat after govt sells 2.7% stake

Shares of Indian Oil Corporation (IOC) traded flat after the government cut its stake in the company by 2.69 percent.
The stock gained as much as 0.9 percent before shedding 0.6 percent.

The government’s stake in IOC now stands at 54.06 percent, according to a disclosure by the company. The government also recently cut its stake in Oil India by 2.94 percent, bring its stake down to 63.2 percent. Read More

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