Update: Tense finish for India's $1.42bn IOC sell-down
Filipe Frazao/gustavofrazao - Fotolia
It was a tense finish for the Indian government’s Rp93.96bn ($1.42bn) sell-down of its stake in Indian Oil Corp (IOC) with books only covered just before the transaction was due to close thanks to late bids from state-owned insurers.
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