Public offers of three blue chip companies SAIL, Indian Oil and ONGC will hit the capital market in the last quarter of the current fiscal, even as the government has shelved the disinvestment plans for MMTC and RINL.
The details of the public issue of petroleum major Indian Oil Corporation (IOC) will be decided shortly. The RFQ (Request for Qualification) for appointment of merchant bankers will be issued in the next couple of days. The government proposes to raise Rs 40,000 crore from sale of equity in the public sector undertakings in the current fiscal.
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