RE(DE)FINING THE RULES OF THE GAME: INDIAN OIL CORPORATION
Article Abstract:
The Government of India has 92 percent stake in the equity of Indian Oil Corporation (IOC). IOC is likely to float an issue in the domestic and international market soon. The Government plans to disinvest its stake and the floating stock of the company is likely to increase in the market. Its scrip is traded at Rs391 which discounts its earnings per share of Rs43.83 by 8.9 times. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RE(DE)FINING THE RULES OF THE GAME: HINDUSTAN PETROLEUM CORPORATION LTD
Article Abstract:
The Government of India holds 51 percent stake in Hindustan Petroleum Corporation Ltd (HPCL). There is no likelyhood of further dilution of stake by the Government in the HPCL. The conversion of warrants have fetched Rs590 crore and its internal resources stand at Rs971 crore for 1997-98. The current market price of the scrip is Rs263. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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