People's Democracy
(Weekly
Organ of the Communist Party of India (Marxist)
No. 12
March 21, 2004
(Weekly
Organ of the Communist Party of India (Marxist)
|
Vol.
XXVIII
No. 12 March 21, 2004 |
If
This Is Not A Scam, What Else Is It?
When
IBP, a public sector oil company was disinvested through strategic sale route in
February 2002, IOC, the giant oil PSU, purchased 33 per cent of government
shares in IBP at a price of Rs 1551 per share . Later IOC purchased another 20
per cent share of IBP from market at the same rate.
Today government’s remaining 26 per cent shares in IBP is being sold at a price of Rs 620 per share. About 57.58 lakh shares are being sold at this rate. Is this not a scam?
