Rediff Logo
 Money
Line
Home > Money > PTI > Report
April 29, 2002 | 1530 IST 		Feedback  
  Money Matters

 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      





 Secrets every
 mother should
 know


 Your Lipstick
 talks!


 Make money
 while you sleep.


 Bathroom singing
 goes techno!


 
 Search the Internet
         Tips
 Sites: Finance, Investment

Print this page Best Printed on HP Laserjets
E-Mail this report to a friend

No divestment in IOC, ONGC, GAIL & OIL: Shourie

The government will not divest its equity below 51 per cent and shed management control in the Indian Oil Corporation, Oil and Natural Gas Corporation and the Gas Authority of India Ltd, Divestment Minister Arun Shourie said on Monday.

''It has been decided that in respect of IOC, ONGC and GAIL government shareholding would not be reduced below 51 per cent. It has also been decided that there is no need for divestment in the Oil India Ltd'', Shourie informed the Rajya Sabha in a written reply.

Maruti's share price not finalised: Shourie further said that the government has not finalised the pricing of the shares for proposed rights issue in its joint venture,Maruti Udyog Ltd.

ALSO READ:
The Divestment Development
The Rediff Budget Special
Money

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report

ADVERTISEMENT