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Friday, December 24, 2010

Undue subsidy burden led to the shelving of IOC’s 19000cr FPO

The Oil ministry has shelved the possible 19000 crore worth Indian Oil Corporation’s Follow-on public issue since the finance ministry is interested in reimbursing only one-third of the company’s loss at selling the fuel.........

read more:http://www.iposubscription.com/undue-subsidy-burden-led-shelving-iocs-19000cr-fpo-16

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