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Decision on IOC divestment on Thursday

<p style="text-align: justify;"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">An empowered group of Ministers will meet on January 9 to take a final decision on divesting shares of Indian Oil Corporation Ltd, said M. Veerappa Moily, Minister for Petroleum and Natural Gas.</span></span></span></p> <p style="text-align: justify;"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The ministerial group is headed by Finance Minister P. Chidambaran.</span></span></span></p> <p style="text-align: justify;"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">&ldquo;I am against giving it (IOC shares) at throwaway price. It should be at a better price and the EGoM would decide whether to go for disinvestment or not,&rdquo; Moily, told mediapersons on Monday.</span></span></span></p> <p style="text-align: justify;"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">IOC share closed at INR 204.40, up 0.54 per cent, on the BSE on Monday.</span></span></span></p> <p style="text-align: justify;"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Source-On Request</span></span></span></p>