Floor Price Of Ioc Share

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Floor price of ioc share.

Should you invest in indian oil corporation ofs. Ioc s share sale will be the fourth disinvestment this fiscal but the biggest so far in 2015 16. The government on saturday set the floor price of ioc stake sale at rs 387 per share 1 9 below friday s closing price of rs 394 45. The floor price is at a discount of 33 to closing prices as on september 21.

Minimum wage is an example of a wage floor and functions as a minimum price per hour that a worker must be paid as determined by federal and state governments. Stock share prices indian oil corporation ltd. Discover historical prices for ioc ns stock on yahoo finance. The price fixed is 1 8 per cent lower than friday closing of rs 394 45 per ioc share on bse.

With historic price charts for. Read more about floor price at rs 387 share ioc stake sale may fetch rs 9 300 cr on business standard. About 48 5 million shares or 20 per cent of the shares on offer are reserved for retail investors. View daily weekly or monthly format back to when indian oil corp stock was issued.

The board has approved a share buyback of up to 66 67 lakh shares at a price of rs 105 per share aggregating to rs 70 crore. Live bse nse f o quote of indian oil corporation ltd. Retail investors would get 5 discount on floor price. At the floor price the government after considering 5 per cent discount being offered to retail shareholders will garner about rs 9 302 21 crore.

About 48 5 million shares or 20 per cent of the shares on offer are reserved for retail investors. Indian oil ioc share price forecast targets for long term is a downtrend and nearest possible share price target is 74 or 71 15 the stock price is currently trading at 74 10 however if the trend reverses from this point then possible future share price targets could be 80 84 89 95 107 116 122 132 147 or 156 00. Of india has fixed floor price few minutes back at rs 387 per share. Floors in wages.