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NIOC willing to divest stake in MFL.

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| April 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Chemical Business NewsBase - Chemical Week)

The National Iranian Oil Co (NIOC) is keen on entering into MoU to divest its 25.77% equity in Madras Fertilisers Ltd (MFL). The Government of India has also decided to trim down its stake by 32.74% in MFL from the present 58.74%, as per its policy of reducing equity in ...

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