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Gulf Oil Corp Ltd Announces Disinvestment In Foreign Subsidiaries

Monday, 30 Sep 2013 06:04am EDT 

Gulf Oil Corp Ltd announced that it has approved the disinvestment of the Companies three subsidiaries namely Gulf Oil Yantai (51% holding), Gulf Oil Indonesia (75% holding) and Gulf Oil Bangladesh (51% holding). The decision has been taken by the board to divests the holdings in the three subsidiaries for an overall amount of around INR549 Million. Accordingly the steps will be taken to operationalise the disinvestment over the next 2/3 months. 

Company Quote

-1.8 -1.09%
31 Jul 2015