Disinvestment of 10% of Paid up Equity Capital in Oil India Limited through Offer for Sale (OFS) Mechanism.Completed; Net Proceeds Worth Rs. 3141.39 Crore.Received by The Government through OFS

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..... Disinvestment of 10% of Paid up Equity Capital in Oil India Limited through Offer for Sale (OFS) Mechanism.Completed; Net Proceeds Worth Rs. 3141.39 Crore.Received by The Government through OFS - News and Press Release Dated:- 5-2-2013 - News - Press Information Bureau Government of India Ministry of Finance 05-February-2013 18:41 IST The offer on sale(OFS) transaction in Oil Ind .....

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..... ia Ltd. was held on 01.02.2013. A total number of 601,13,157 shares were sold at the cut off price of Rs. 520 against the Floor Price of Rs. 510 per share fixed by the EGOM held on 30.01.2013. The realization has been at an average price of Rs. 523.15 per share. The issue has been oversubscribed 2.57 times and the overall response at NSE and BSE and allocation thereon are as under. .....

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..... OIL INDIA LTD OFS SUMMARY AT BSE+NSE LTD Exchange No of Shares % Subscription Allocated Qty Allocation % BSE 93,909,287 60.92% 49,341,403 82.08% NSE 60,233,170 39.08% 10,771,754 17.92% Total 154,142,457 100.00% 60,1 .....

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..... 13,157 100.00% The category wise investors participation in the OFS at BSE NSE and allocation is as under. TOTAL BSE + NSE BID QTY AFTER ALLOCATION Category Bid Count Bid Qty Bid Amt (Rs Crs) Amt in % Banks 58 2,112,133 110.00 3.50% Client 1377 4,352,859 22 .....

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..... 6.70 7.21% FII 87 36,223,267 1898.24 60.36% Insurance* 13 1,314,488 68.72 2.19% Mutual funds 46 11,601,614 606.53 19.29% Other Institutions 33 203,881 10.61 0.34% Proprietory 343 4,304,915 224.17 7.13% .....

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..... Total 1957 60,113,157 3144.97 100.00% The net proceeds to the Government of India , of the OFS are Rs. 3141, 39, 66,246.00 (Rs.3141.39 crore). ***** DSM/RS/Ka - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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