The stake sale in these companies would fetch about Rs 13,000 crore to the exchequer.
The government intends to sell its 10 percent stake each in Indian Oil Corporation (IOC) and National Aluminium Company Limited (NALCO), while it will put on block its 5 per equity shares in Bharat Heavy Electrical Ltd (BHEL).
IOC, a Maharatna public sector undertaking under the administrative control of Ministry of Petroleum & Natural Gas, would fetch Rs 8,100 crore to the government at the current market price.
Disinvestment of government stake in Bhel would be worth about Rs 3,500 crore, while NALCO is likely to fetch about Rs 1,230 crore.
Government owns 68.57 percent in IOC, 63.06 in Bhel and 80.93 percent in NALCO.
In IOC, government would be selling 24.27 crore shares and 25.77 crore in aluminium major NALCO, while it plans to sell 12.23 crore shares in power equipment major BHEL through offer for sale (OFS) route.

IOC shares were up 0.44 percent on BSE and closed at Rs 331.8 a piece. At the same time, Bhel shares closed at Rs 283.7 a piece, up 0.67 percent on BSE.
NALCO shares last traded at Rs 47.70 a piece on BSE, down 0.52 percent from yesterday close on BSE.
Employees would get 5 percent discount for buying shares in IOC, BHEL and NALCO.

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