Oil India (OIL) IPO in an annoucement made today has appointed JM Morgan Stanley, Citibank and HSBC as Book running lead managers of its proposed initial public offering (IPO).
The company needs to appoint six independent directors to comply with Clause 49 of the listing agreement for which the company has approached the Petroleum Ministry.
IPO of Oil India Limited  is expected to open before February 2008. For further details regarding the OIL India IPO Read this post.
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