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IOC calls price bids for stake sale

NEW DELHI: Indian Oil Corporation (IOC) has called price bids from institutional investors for sale of up to 20 per cent of its shareholding in Oil and Natural Gas Corporation (ONGC), company sources said. For sale of up to 50 per cent of its holding in GAIL, it has invited the three plus SBI Caps-CLSA combine to make price bids by next weekend.

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