Scripting a success

The Government’s public sector divestment programme seems to have finally taken off, with its 10 per cent stake sale in Oil India Ltd (OIL) attracting bids for over two times the shares on offer. The good part is that a fair bit of the response came from genuine investors, rather than the usual proxies of the Government — especially the Life Insurance Corporation, which had bailed out past divestment offers by stepping in as ‘buyer of last resort’.

Read Full Story>>