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Cabinet okays sale of IOC's 24% stake in Lubrizol India

Cabinet okays sale of IOC's 24% stake in Lubrizol India

Wednesday, March 15, 2017, 10:10 PM

The Cabinet today approved sale of state-owned Indian Oil Corp's (IOC) 24% stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum. The sale will enable IOC to have long term association with its joint venture partner and Lubrizol India Pvt Ltd (LIPL) to have access to the latest global additive technologies developed by Lubrizol Corporation, USA," official statement said.
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