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News Details

( 14 Dec 2018)
Indian Oil Corp - Buyback

Indian Oil Corporation Limited has informed the Exchange that the meeting of the board of directors (??Board??) of the Company held on December 13, 2018, the Board has approved a proposal for the buyback of 29,76,51,006 (Twenty Nine Crore Seventy six lakhs Fifty One thousand six) equity shares of Rs.10 each representing 3.06% of the total number of equity shares in the paid-up share capital of the Company from the shareholders of the Company in terms of Sections 68, 69, 70 and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018(??Buyback Regulations??) (??Buyback??).