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IOC share sale seen next year: govt

business Updated: Feb 15, 2011 15:00 IST

Reuters
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The follow on public offer of state-run Indian Oil Corporation is likely to take place in next fiscal year, Oil Secretary S Sundareshan said on Tuesday.

Last week, IOC head SV Narasimhan had said the company's planned share sale of up to $4.4 billion would be delayed on unfavourable market conditions and rising crude oil prices.