Market Live: Sensex Volatile, Nifty Below 10,200; IOC Falls For 4th Day

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State-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) may buy 26 percent stake each in gas utility GAIL India Ltd, paying the government over Rs 20,000 crore each to become integrated energy firms.

 

Following Finance Minister Arun Jaitley's February 2017 Budget announcement of creating integrated oil majors, IOC and BPCL had submitted separate proposals to buy the government's 54.89 percent stake in India's biggest gas marketing and transportation firm, GAIL.

 

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  1. Rudra Investment21 March 2018 at 17:55

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