With reference to the earlier announcement dated August 21, 2015 regarding Notice of Offer for Sale of Shares by Promoter, The President of India, acting through and represented by the Ministry of Petroleum and Natural Gas, Government of India (the ‘Seller’) is the promoter of Indian Oil Corporation (the ‘Company’) has informed that the floor price for the sale in terms of the SEBI OFS Circular shall be as Rs 387 per equity share of Indian Oil Corporation (the ‘Floor Price’).
The above information is a part of company’s filings submitted to BSE.