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Bongaigaon Refinery & Petrochemicals Merges with Indian Oil

12:34 AM MDT | March 25, 2009 | Deepti Ramesh

Indian Oil Corp. (IOC; New Delhi) says that the Indian government has approved the merger of Bongaigaon Refinery & Petrochemicals Ltd (BRPL; Dhaligaon, India), an IOC subsidiary, with IOC. The merger is effective from today and BRPL has been dissolved. BRPL shareholders will receive 4 equity shares of IOC for every 37 equity shares of...

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