Gujarat State Petroleum Corporation (GSPC), the flagship company of GSPC Group involved in exploration and production (E&P), has put its public offer plans on a fast track and is aiming to hit the capital markets by May.

The state government is planning to dilute about 10-15 per cent in a bid to raise about Rs 3,000-3,500 crore, said government sources close to the development.

Source : http://www.business-standard.com/india/news/gspc-ipo-set-to-hitcapital-market-by-may/388368/