(a) whether the Indian Oil Company and the ONGC propose to sell each other`s share;
(b) if so, the details thereof ; and
(c) the details of the number of shares of both the companies held by each other?
(a) whether the Indian Oil Company and the ONGC propose to sell each other`s share;
(b) if so, the details thereof ; and
(c) the details of the number of shares of both the companies held by each other?
MINISTER OF PETROLEUM & NATURAL GAS AND PANCHAYATI RAJ (SHRI MANI SHANKAR AIYAR)
(a) to (c) : Oil & Natural Gas Corp. Ltd.(ONGC) holds 10,64,53,095 equity shares of Rs. 10 each of IOC, where
as Indian Oil Corporation Ltd. (IOC) holds 13,70,67,381 equity shares of Rs. 10 each of ONGC. At present, there
is no proposal to sell each other`s share.