IndianOil allowed to sell JV equity to Lubrizol

Cabinet approves sale of 24% equity holding in Lubrizol India Private Limited by IndianOil to Lubrizol Corporation, USA

GN Bureau | March 16, 2017


#IndianOil   #PSU   #equity sale  

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, has given its in-principle approval to permit Indian Oil Corporation Limited (IndianOil) to sell its 24% equity in one of its joint venture companies, M/s. Lubrizol India Private Limited (LIPL) to Lubrizol Corporation, USA (LC), the other joint venture partner, a PIB release said.
 

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