Dalal Street Investments
Top

IBP-Indian Oil Merger Approved

May 3, 2007

Just 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.

Comments

Got something to say?






Bottom