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Divestment

Union Minister for Disinvestment Arun Shourie, Uday Kotak of Kotak Financial Services and Mukesh Ambani, chairman of Reliance, watch a presentation at the launching of the government's offer for sale of its equity shares in Indian Petrochemicals Corporation Ltd in Mumbai on Wednesday.

The equity offer of IPCL marks the government's fresh round of divestment in state owned companies, which will be followed by five other blue chip companies.

Photo: Rob Elliot/AFP/Getty Images

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