Govt may retain Maruti IPO oversubscription

June 17, 2003 14:07 IST

The government may retain oversubscription of the public offering of shares of India's largest carmaker, Maruti Udyog Ltd, a top divestment ministry official said on Tuesday.

"We will take a

decision soon," the official who did not wish to be identified, told reporters. He said work on the IPO of National Aluminium Co and Bharat Petroleum Corporation would start soon and the two would be floated this year.

Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.