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Oil India to buy back shares worth Rs 1,527 crore

Oil India to buy back shares worth Rs 1,527 crore

Tuesday, March 21, 2017, 6:51 AM

Oil India Ltd, the nation's second largest state explorer, today said it will buy back 4.49 crore shares for Rs 1,527 crore, joining the list of PSUs that are using their idle cash to help government meet budgetary targets. Government owns 66.89% shares in OIL and intends to participate in buyback programme. Oil India shares ended 0.5% down at Rs 334 apiece on BSE.
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