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IOC-IBP share-swap at 125:100
December 22, 2004 15:52 IST
Last Updated: December 22, 2004 15:59 IST
The board of Indian Oil Corporation on Wednesday approved share swap ratio for merging its subsidiary IBP Co Ltd with itself. The board of directors have recommended a swap ratio of 125:100, i.e 125 equity shares of IOC would be offered for every 100 equity shares of IBP, a company official said. "This would, however, be subject to the approval of government," he said.
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