Oil India IPO likely in September

Oil India IPO is likely to hit the capital markets in September 2009 according to a recent report in Economic Times.

Chairman N M Borah said that the company plans to sell 10% of its equity via its IPO. Oil India (OIL) is a premier national oil company, engaged in the business of exploration, production and transportation of crude oil and natural gas.

With market in better shape all the companies who have postponed their IPO’s last year are slowly returning back to the capital markets. Oil India IPO will be an interesting one to watch out.

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