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Cabinet okays divestment of 10% stake in Oil India: NW18

Published on Thu, Aug 30, 2007 at 21:12 |  Source : Moneycontrol.com

Updated at Thu, Aug 30, 2007 at 21:15  

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Cabinet okays divestment of 10% stake in Oil India: NW18

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The Cabinet has okayed divestment of 10% stake in Oil India , reports Newswire 18.

The government will divest Oil India stake to Indian Oil , HPCL and BPCL .

Indian Oil will get 5% stake in Oil India, while BPCL and HPCL will get 2.5% stake each in Oil India. The Cabinet has also okayed IPO in Oil India.

 

  

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