Govt may retain Maruti IPO oversubscription

June 17, 2003 14:07 IST

The government may retain oversubscription of the public offering of shares of India's largest carmaker, Maruti Udyog Ltd, a top divestment ministry official said on Tuesday.

"We will take a

decision soon," the official who did not wish to be identified, told reporters. He said work on the IPO of National Aluminium Co and Bharat Petroleum Corporation would start soon and the two would be floated this year.

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