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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (4744)	6/27/1999 12:31:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Soros-Chatterjee group interested in govt stake in IPCL Date: 6/26/99 4:59:22 PM Soros-Chatterjee group based in New York is interested in picking up 25% government stake in IPCL (http://www.ipcl.co.in/). The Government of India which holds 59.5% stake in IPCL has decided to divest 25% stake in the company. Sabic of Middle East, Chevron and Exxon of the US and Reliance Industries (http://www.ril.com/) have also shown interest in IPCL's divestment. The Soros-Chatterjee group is keen on petrochemical ventures in India. The group has a 40% equity stake in Haldia Petrochemicals Ltd (http://www.haldiapetrochemicals.com/).

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