INDIAN OIL CORPORATION LTD. - Indian Oil Corporation Ltd reply to clarification sought by the exchange
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| 17 Nov 2014 | |
| The Exchange has sought clarification from Indian Oil Corporation Ltd with respect to news article appearing on Mint on November 13, 2014 titled "IOC, Chennai Petroleum may merge"<br/><br/>Indian Oil Corporation Ltd replied giving reference to the News dated November 13, 2014 in Mint "The Chairman, IndianOil, while interacting with press at Chennai on Nov 12, 2014, had referred to the performance of Chennai Petroleum Corporation Limited (CPCL) (a subsidiary of IndianOil), in response to a query from the press. It is clarified that the Chairman merely observed that amongst the various options being examined for improving the performance of CPCL, the possibilities of merger is also being evaluated. We would like to make it abundantly clear that no proposal on merger is presently under consideration of the management." | |
| View all announcements for INDIAN OIL CORPORATION LTD. | Source: BSE India |
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