Oil India planning to hit IPO in market by september…
- Oil India sources said that Oil India IPO (initial public offering) is likely to hit markets by September ’09.
- The company hopes to raise USD 400-500 million via IPO.
- It doesn’t need fresh SEBI (Securities and Exchange Board of India) nod if IPO comes before September 10.
- IOC touched a 52-week high of Rs 559 in afternoon. It has touched an intraday high of Rs 559 and an intraday low of Rs 523.
- The share was quoting at Rs 554, up Rs 33.50, or 6.44%.
- It was trading with volumes of 123,831 shares. Yesterday the share closed down 1.56% or Rs 8.25 at Rs 520.50.
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