<h1>India Sells 10% Stake in Oil India Limited via OFS, Raising Rs. 3141.39 Crore; Oversubscribed 2.57 Times.</h1> The Government of India completed a disinvestment of 10% of its paid-up equity capital in Oil India Limited through the Offer for Sale (OFS) mechanism, generating net proceeds of Rs. 3141.39 crore. The OFS, held on February 1, 2013, sold 60,113,157 shares at an average price of Rs. 523.15 per share, exceeding the floor price of Rs. 510. The issue was oversubscribed 2.57 times, with significant participation from foreign institutional investors (FIIs), mutual funds, and other categories. The allocation was split between the BSE and NSE, with the majority of shares allocated through the BSE.