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Indian Oil to acquire back 3pct equity shares for INR 4,435 crore

Gasoil News - Published on Mon, 17 Dec 2018

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PTI quoted state-owned Indian Oil Corp (IOC) as saying that its board has approved buyback of 3.06 per cent of equity shares for INR 4,435 crore. IOC will buy back 29.76 crore shares at INR 149 apiece, the company said in a regulatory filing.

The company board also recommended an interim dividend of 67.5 per cent (INR 6.75 per share) for the 2018-19 fiscal.

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Posted By : Nanda Koijam on Mon, 17 Dec 2018
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