Oil India Limited IPO : Oil India plans IPO in Q4 2007-08
There are reports that Oil India Limited IPO will hit the markets early next year. Oil India Limited is expected to raise close to 2000 crores through the IPO. Oil India Limited, at present, produces about 25 million barrels of crude oil every year apart from over 6.5 million cubic metres of gas every day. Oil India Limited is a PSU, with the government of India owning over 98% stake in the company. The government will dilute a small portion of its stake in Oil India Limited through the proposed IPO.
