The Indian government plans to sell 10 per cent of its holding in Oil India Ltd, when the state-owned exploration firm launches an initial public offering of new shares, an oil ministry official said on Friday.
"We had sent a cabinet note for 10 per cent initial public offer, but the finance ministry has also recommended 10 percent disinvestment with the IPO," the official, who did not wish to be identified, told Reuters. He said a decision was yet to be taken about the sale and when to make the offering.
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