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Divestment
Managing Director of IBP (formerly known as Indo-Burma Petroleum), Arun Jyoti (left) is joined by B B Vohra as he announces the government's plan to sell a 26 per cent stake in the organisation through a public share offer, which will begin next week in Mumbai.
IBP, which has operations consisting of petroleum, explosives and cryogenics, is the second of six companies to which the government plans to dispose of shares before the March 31, 2004.
Photo: Rob Elliot/AFP/Getty Images
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