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Indian Oil to sell 24 percent stake in India JV to Lubrizol Corp

Reuters  |  NEW DELHI 

(Reuters) - India's cabinet gave the go-ahead on Wednesday for state-run Corp to sell 24 percent stake in joint venture to its U.S.-based partner Corp, statement said.

IOC held 50 percent stake in the joint venture, Pvt Ltd, according to the company's 2015-16 annual report. The joint venture makes chemical additives for lubricants.

(Reporting by Nidhi Verma; editing by Susan Thomas)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Indian Oil to sell 24 percent stake in India JV to Lubrizol Corp

NEW DELHI (Reuters) - India's cabinet gave the go-ahead on Wednesday for state-run Indian Oil Corp to sell a 24 percent stake in a joint venture to its U.S.-based partner Lubrizol Corp, a government statement said.

(Reuters) - India's cabinet gave the go-ahead on Wednesday for state-run Corp to sell 24 percent stake in joint venture to its U.S.-based partner Corp, statement said.

IOC held 50 percent stake in the joint venture, Pvt Ltd, according to the company's 2015-16 annual report. The joint venture makes chemical additives for lubricants.

(Reporting by Nidhi Verma; editing by Susan Thomas)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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Indian Oil to sell 24 percent stake in India JV to Lubrizol Corp

(Reuters) - India's cabinet gave the go-ahead on Wednesday for state-run Corp to sell 24 percent stake in joint venture to its U.S.-based partner Corp, statement said.

IOC held 50 percent stake in the joint venture, Pvt Ltd, according to the company's 2015-16 annual report. The joint venture makes chemical additives for lubricants.

(Reporting by Nidhi Verma; editing by Susan Thomas)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22