India Mulls Cutting Stake in Indian Oil to Below 51%
An man buys petrol for his car at an Indian Oil Corporation petrol station in New Delhi, India. (Photographer: Amit Bhargava/Bloomberg News)

India Mulls Cutting Stake in Indian Oil to Below 51%

(Bloomberg) -- India plans to reduce its stake in Indian Oil Corp. to below 51% while ensuring the government and state-run companies retain control of the nation’s largest oil refiner, people with...
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