IBP-Indian Oil Merger Approved
Wednesday, May 02, 2007Just a while ago, the Ministry of Company Affairs has sanctioned the scheme of amalgamation of Indian Oil Corporation and IBP, a subsidiary of Indian Oil.
The scheme of amalgamation provides for a swap ratio of 110:100, i.e, 110 equity shares of Rs 10 each of Indian Oil as fully paid for every 100 equity shares of Rs 10 each of IBP.
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