"We would like to clarify that as of now, there is no proposal for merger of CPCL with IOCL", CPCL said in a BSE filing.
In its response to a clarification sought by the exchange that it may merge with IOCL, the company said IOC Chairman B Ashok "merely" observed that among the various options being examined for improving the performance of CPCL, "the possibilities of merger with IOCL were also being evaluated".
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