Indian Oil, BPCL and HPCL have picked up government’s 10% stake in Oil India Ltd for about Rs 2,200 crore

2009 September 17
by chandra

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Indian Oil, BPCL and HPCL have picked up government’s 10% stake in Oil India Ltd for about Rs 2,200 crore

The state-owned oil marketing companies Indian Oil, BPCL and HPCL have picked up government’s 10% stake in recently concluded PSU explorer Oil India Ltd for about Rs 2,200 crore on Tuesday.

IOC picked up a 5% stake in Oil India for Rs 1,123.5 crore. BPCL and HPCL picked up 2.5% stake each in mini ratna for Rs 561.7 crore.

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