Sensex 29559.18 -11.86 -0.04%
Nifty 8914.3 3.8 0.04%
The government plans to divest 10% of its stake in the stateowned oil explorer and producer 'Oil
A senior official finance ministry added that the aim is tobring NMDC (National Mineral Development Corporation) issue by 15th Decemberand Oil
Oil ministry earlier said at least two offers for saleshould be tested to gauge the market and had earlier expressed itsapprehensions against untimely offers of sale for oil companies, say reports.
Finance and oil ministry official say that the is a consensuson the date of issue but the road shows should be planned in such a manner soas to get maximum number of foreign investors interested in the issue.
There also seems to be little disagreement among some fromgovernment, industry officials and Department of Disinvestment (DoD) over thedate of beginning the road shows in Mumbai which the latter is keen on startingfrom this Thursday while the latter want the campaign to begin after Christmas.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.