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Oil India IPO by September; no disinvestment in ONGC, IOC

Posted on: June 2nd 2009 in Press Releases.

NEW DELHI: Oil exploration major Oil India Ltd (OIL) is likely to launch an initial public offering (IPO) in September, Petroleum Secretary R.S. Pandey said here Tuesday. He, however, ruled out disinvestment in other state-owned oil giants Indian Oil Corp (IOC) and Oil and Natural Gas Co…

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