|
| Exchange Disseminated Time | The Exchange has sought clarification from Chennai Petroleum Corporation Ltd with respect to news article appearing in Mint on November 13, 2014 titled "IOC, Chennai Petroleum may merge"
Chennai Petroleum Corporation Ltd replied stating, "The Chairman, CPCL while interacting with press at Chennai on 12th Nov. 2014, had referred to the performance of Chennai Petroleum Corporation Limited (CPCL) , a subsidiary company of Indian Oil Corporation Limited, in response to a query from the press. It is clarified that the Chairman merely observed that amongst the various options being examined for improving the performance of CPCL, the possibilities of merger is also being evaluated. We would like to clarify that as of now, there is no proposal for merger of CPCL with IOCL. |
|
|