No delay over IOC-Mercator petroleum deal: DIPAM
The Department of Investment and Public Asset Management (DIPAM) clarified that it was not consulted for Indian Oil Corp's acquisition of Mercator Petroleum Ltd through the insolvency process, denying any delay on its part affecting the transaction closure. DIPAM stated that Mercator informed them about the deal on February 6, and it communicated its position to Mercator and the Ministry of Petroleum and Natural Gas on February 7.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
