IOC share sale: Govt said to choose investment bankers

IOC share sale: Govt said to choose investment bankers

The Indian government has chosen arrangers for the sale of a nearly $1 billion stake in the country’s largest refiner, Indian Oil Corp., according to people with knowledge of the matter.

The country picked Citigroup Inc, Deutsche Bank AG and Goldman Sachs Group Inc. to advise on the offering, said the people, who asked not to be identified because the information is private. ICICI Securities Ltd. and SBI Capital Markets Ltd. are also among banks selected to work on the sale, the people said.Read more

Credits:livemint.com

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