Fis Agree To Ioc Management Control Of Hpl
The financial institutions have accepted all the pre-conditions laid down by Indian Oil Corporation (IOC) for picking up a 26 per cent strategic stake in Haldia Petrochemicals Ltd (HPL). The arrangement would imply that the FIs would work to allow IOC gain management control of HPL, a precondition laid down by the Fortune 500 oil major, sources in Mumbai said.
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First Published: Dec 01 2001 | 12:00 AM IST