Khaitan & Co advised Department of Investment and Public Asset Management, Ministry of Finance, Government of India and Ministry of Petroleum and Natural Gas in relation to offer of equity shares of Indian Oil Corporation Limited (IOCL) to the eligible permanent and full time employees of IOCL for some $38.9m.
Indian Oil Corporation Limited is an Indian state-owned oil and gas corporation with its headquarters in New Delhi. It is the world’s 119th largest corporation, according to the Fortune Global 500 list, and the largest public corporation in India when ranked by revenue.
Sudhir Bassi, Executive Director; Sharad Vaid, Partner; Madhur Kohli, Associate Partner and Shilpi Jain, Counsel represented the client on the transaction.
