The ministry of disinvestment has decided not to officially close the sell-off process in the two oil PSUs Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), and would not refund the money deposited by the 35 merchant bankers, who had submitted their interest to be appointed as advisers to the government.

Just two weeks after the ministry decided it could not

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First Published: Oct 10 2002 | 12:00 AM IST

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