Indian Oil buys 50% stakes in Beximco LPG

The Indian Oil Corporation (IOC), commonly known as IndianOil, will acquire 50 percent stakes in Bangladesh’s Beximco LPG at an undisclosed figure. RR Holdings Ltd, a UAE-based firm that owns Beximco LPG of Bangladesh and IOC Middle East, a wholly-owned subsidiary of Indian Oil Corporation, signed an agreement on Tuesday to form a joint venture…