{"id":301003,"date":"2019-11-15T11:18:10","date_gmt":"2019-11-15T05:48:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301003"},"modified":"2019-11-15T11:18:10","modified_gmt":"2019-11-15T05:48:10","slug":"govt-considers-cutting-stake-in-indian-oil-to-below-51","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-considers-cutting-stake-in-indian-oil-to-below-51\/","title":{"rendered":"Govt considers cutting stake in Indian Oil to below 51%"},"content":{"rendered":"<p>NEW DELHI : India plans to reduce its stake in Indian Oil Corp. to below 51% while ensuring the government and state-run companies retain control of the nation\u2019s largest oil refiner, people with knowledge of the matter said.<\/p>\n<p>Prime Minister Narendra Modi\u2019s cabinet will consider, as early as next week, a proposal to sell shares in some companies, including Indian Oil, to below 51%, the people said, asking not to be identified as the plan is not public. India directly holds 51.5% in Indian Oil, and another 25.9% through state-run Life Insurance Corp. of India, and explorers Oil &amp; Natural Gas Corp. and Oil India Ltd.<\/p>\n<p>Sluggish revenue collections has left Modi\u2019s administration with little choice but to push ahead with a plan to raise a record \u20b91.05 trillion ($14.6 billion) through asset sales in the financial year through March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India plans to reduce its stake in Indian Oil Corp. to below 51% while ensuring the government and state-run companies retain control of the nation\u2019s largest oil refiner, people with knowledge of the matter said. Prime Minister Narendra Modi\u2019s cabinet will consider, as early as next week, a proposal to sell shares in some companies, including Indian Oil, to below 51%, the people said, asking not to be identified as the plan is not public. India directly holds 51.5% in Indian Oil, and another 25.9% through state-run Life Insurance Corp. of India, and explorers Oil &amp; Natural [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-301003","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301003"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301003\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}