| Log in

Indian Oil to sell 24% stake in JV to US partner Lubrizol

16 March, 2017

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.

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

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
ONGC may sell stake in Indian Oil, GAIL to fund HPCL deal

ONGC may sell stake in Indian Oil, GAIL to fund HPCL deal

Reuters 2 months ago
India’s top explorer Oil and Natural Gas Corporation may consider selling...
SBI to sell 3.9% stake in life insurance arm to KKR, Temasek for $265 mn

SBI to sell 3.9% stake in life insurance arm to KKR, Temasek for $265 mn

Ankit Doshi 12 months ago
Singapore state investment firm Temasek Holdings and private equity giant KKR ...
Hindustan Unilever to sell stake in Huggies, Kotex JV to partner Kimberly-Clark

Hindustan Unilever to sell stake in Huggies, Kotex JV to partner Kimberly-Clark

Ranjani R 1 year ago
Hindustan Unilever (HUL) will divest its stake in Kimberly-Clark Lever (KCL) to...
No Comments

Indian Oil to sell 24% stake in JV to US partner Lubrizol

Powered by WordPress.com VIP