The Employee Offer of Indian Oil Corporation Limited (IOCL) got unprecedented response from the employees as nearly 40% of the employees participated in the offer and applied for 53.17% of 1,21,39,762 shares offered for allotment; This is highest ever employee participation in disinvestment process of any company post OFS. https://www.taxtmi.com/news?id=16172 The Government conducted a disinvestment in Indian Oil Corporation Limited including an Employee Offer permitting allotment to eligible employees up to 0.5% of paid up equity at a 5% discount to the OFS cut off price; the employee window ran on specified dates, employee participation was approximately forty percent and constituted the highest post OFS employee response, and the employee offer price was calculated by applying the prescribed discount to the OFS cut off. en-us Wed, 11 May 2016 18:41:55 +0530 Wed, 11 May 2016 18:41:55 +0530 TaxTMI RSS Generator The Employee Offer of Indian Oil Corporation Limited (IOCL) got unprecedented response from the employees as nearly 40% of the employees participated in the offer and applied for 53.17% of 1,21,39,762 shares offered for allotment; This is highest ever employee participation in disinvestment process of any company post OFS. https://www.taxtmi.com/news?id=16172 The Government conducted a disinvestment in Indian Oil Corporation Limited including an Employee Offer permitting allotment to eligible employees up to 0.5% of paid up equity at a 5% discount to the OFS cut off price; the employee window ran on specified dates, employee participation was approximately forty percent and constituted the highest post OFS employee response, and the employee offer price was calculated by applying the prescribed discount to the OFS cut off. News - Wed, 11 May 2016 18:41:55 +0530 https://www.taxtmi.com/news?id=16172