Cabinet approves 24 percent equity holding in LIPL to LC
New Delhi [India], Mar. 15 (ANI): The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi today gave its in-principle approval to permit the Indian Oil Corporation Limited (IOCL) to sell its 24 percent equity in one of its Joint Venture Companies, Lubrizol India Private Limited (LIPL) to its other joint venture partner Lubrizol Corporation, USA (LC).