Govt likely to disinvest 10pc stake in OIL later this year

New Delhi: The proposed 10 per cent disinvestments in Oil India Ltd (OIL) is likely to take place later this year with the Petroleum Ministry mulling to move a Cabinet note on this next month. The Ministry is preparing a proposal in consultation with other Ministries, including the Finance Ministry. The Government is planning 10 per cent divestment in Oil India, along with its initial public offering later this year.