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Indian Oil Corporation share are down by -0.82%, Nifty up by 0.34%
On the last trading day, Indian Oil Corporation (IOC) opened at ₹169.5 and closed at ₹169.85. The stock reached a high of ₹170.6 and a low of ₹165.65 during the day. Overall, the stock experienced a slight increase in value by the close of the market.
Indian Oil Corporation withdraws proposed Rs 22,000 crore rights issue
In July 2023, the board of directors of the IOC approved raising capital through the issuance of equity shares on a right basis.
Indian Oil Corp. shares fall 0.23% as Nifty drops
India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range Shares of Indian Oil Corporation Ltd. traded 0.23 per cent down at Rs 169.4 on Thursday at around 12:17PM (IST), while the benchmark BSE Sensex advanced 324.
Indian Oil Share Price: PSU OMC IOC Withdraws Rs 22,000 Crore Right Issue; What Prompted The Decision?
India’s leading oil marketing company announced the withdrawal of its Rs 22,000 crore rights issue. The decision to call off this major capital-raising plan came following directives from the Ministry of Petroleum & Natural Gas (MoP&NG).
Indian Oil withdraws proposed rights issue of equity shares worth Rs 22,000 crore
Ministry of Petroleum and Natural Gas said that in the union budget 2024-25 no funds were allocated for capital support to Oil Marketing Companies (OMCs) as against the proposed allocation of Rs 30,000 crore.
Indian Oil Corporation withdraws ₹22,000 crore rights issue
Indian Oil Corporation has withdrawn its ₹22,000 crore rights issue due to the government’s non-participation and lack of allocated funds for Oil Marketing Companies in the 2024-25 budget, following earlier approvals for raising capital.
Indian Oil Corporation withdraws proposed ₹22,000 crore rights issue
Brokerage firm BoFA Securities, on September 25, said that they continue to remain cautious on OMCs, given the potential price cuts, continuing negative LPG marketing margins and weak Gross Refining Margins.
Indian Oil Corp withdraws $2.6 billion rights issue
Refiner Indian Oil Corp is withdrawing its proposed 220 billion rupee ($2.63 billion) rights issue of shares, it said on Monday, citing non-participation from the federal government. The ministry of petroleum and natural gas conveyed that no funds have been allocated for capital support of oil marketing companies in the federal budget,
Share price of Indian Oil Corp. falls as Nifty strengthens
Shares of Indian Oil Corporation Ltd. slipped 0.97 per cent to Rs 178.3 in Tuesday's trade as of 12:22PM (IST). The stock hit a high price of Rs 181.3 and low of Rs 178.05 during the session. The return on equity (ROE) for the stock stood at 22.
Rs 22,000 crore rights issue: Indian Oil's U-turn on big fundraise - Reason?
The Board of Directors of Indian Oil has withdrawal rights issues of Rs 22,000 crores. This decision follows the Ministry of Petroleum and Natural Gas (MoP&NG) informing that no funds have been allocated for capital support to Oil Marketing Companies (OMCs) in the Budget for the fiscal year 2024-25.
Indian Oil Corp withdraws $2.6 bln rights issue
Refiner Indian Oil Corp is withdrawing its proposed 220 billion rupee ($2.63 billion) rights issue of shares, it said on Monday, citing non-participation from the federal government.
2d
on MSN
Indian Oil Corporation share are down by -2.29%, Nifty down by -1.19%
On the last trading day, Indian Oil Corporation's stock opened at ₹173.5 and closed at ₹174.8. The stock experienced a high ...
2d
on MSN
Indian markets tumble amid escalating Middle East tensions; auto and oil stocks take a hit
Indian equity benchmarks, BSE Sensex and NSE Nifty 50 tanked at the opening bell on weak global cues due to rising Middle ...
Daily Excelsior
1d
Nepal Oil Corporation and Indian Oil Corporation sign agreement to construct new pipelines
Nepal Oil Corporation and Indian Oil Corporation Thursday signed an agreement for the construction of two new pipeline ...
1d
on MSN
Oil Boils As Tension In Middle East Continues to Simmer; HPCL, BPCL Shares In Red
HPCL shares dipped in value by 0.48 per cent or Rs 2.00. This took the overall value of the company shares to Rs 413.05.
2h
on MSN
A collection of ancient Indian stories given new life
Douglas J. Penick’s English ‘The Oceans of Cruelty’ is an English-language retelling of a collection of Sanskrit stories that ...
devdiscourse
4d
India's First Modern Gaushala with Bio-CNG Plant Inaugurated in Gwalior
In Gwalior, Madhya Pradesh, a modern gaushala with a bio CNG plant has been established, producing three tonnes of gas per ...
5d
3 Indian Dividend Stocks Yielding Up To 7.7%
The US Federal Reserve's unexpected 50 bps rate cut and its shift in policy are boosting the emerging markets. Despite India ...
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