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OIL to buy back 4.49 crore shares for Rs 1,527 crore

OIL to buy back 4.49 crore shares for Rs 1,527 crore

Tuesday, March 28, 2017, 7:14 AM

Oil India has joined the long list of companies offering to buy back their shares. It has decided to buy back 4.49 crore shares for Rs.1,527.01 crore, the company said in a regulatory filing on Monday. It set April 5, 2017, as the record date to decide on the eligible shareholders. The offer represents 5.6% of the total equity paid-up capital of the company.
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