(a) whether Indian Oil Corporation has sought permission from the Government to sell its stake in Oil and Natural Gas Corporation and GAIL(India) Ltd.;
(b) if so, the details thereof; and
(c) the decision taken by the Government in the matter?
(a) whether Indian Oil Corporation has sought permission from the Government to sell its stake in Oil and Natural Gas Corporation and GAIL(India) Ltd.;
(b) if so, the details thereof; and
(c) the decision taken by the Government in the matter?
MINISTER OF PETROLEUM & NATURAL GAS AND PANCHAYATI RAJ (SHRI MANI SHANKAR AIYAR)
(a) Yes Sir, IOC has sought the approval from the Government to off-load its equity shares in ONGC and GAIL.
(b) The details of the investment made by IOC in the equity shares of ONGC and GAIL during 1999-2000 are as under:
Company No. of shares % age Holding Price/ share (Rs.) Amount Rs./Crore
ONGC 13,70,67,381 9.60% 162.34 2225 GAIL 4,08,39,549 4.83% 60.00 245
Total 2470