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ICICI Bank to acquire 10% stake in 9MMTPA refinery JV of IOCL and CPCL - Dr-Buzz4U

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ICICI Bank to acquire 10% stake in 9MMTPA refinery JV of IOCL and CPCL

Dr-tech November 24, 2022 news

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ICICI Bank to acquire 10% stake in 9MMTPA refinery JV of IOCL and CPCL

ICICI Bank has entered into an agreement dated 23 November 2022 in relation to an initial investment of Rs 50,000 in the seed equity capital of the proposed Joint Venture (JV) of Indian Oil Corporation (IOCL) and Chennai Petroleum Corporation (CPCL) (target entity). The target entity will be implementing a 9 MMTPA [...]