ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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IPCL, Dabur India, Bongaigaon Refinery

IPCL Demand Boost for Growth Indian Petrochemicals Corporation (IPCL) was incorporated in 1969 and converted into a public limited company in 1986. The central government, which held the entire equity capital of IPCL, decided to disinvest its stake in 2002, following which Reliance Industries (RIL) acquired 26 per cent stake in IPCL. Reliance made an open offer to the shareholders of IPCL and acquired 4.96 crore shares at a price of Rs 231 per share, thereby increasing its stake to 46 per cent.

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