The Centre is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3-per cent stake sale in Indian Oil Corporation to raise about ₹6,400 crore, a Thomson Reuters report said.
Meanwhile, a Bloomberg report said State Bank of India has picked Bank of America Corp and Deutsche Bank AG for the stake sale. SBI’s board in March had okayed raising funds to the tune of ₹15,000 crore via routes including QIP.