Bigul

Oil India To Buy Back Rs 1,527-Crore Shares

Share buybacks offer a route for companies to return some wealth to their shareholders, while potentially boosting their stock prices.
20-03-2017

Oil India Board approves share buyback

The Board of Directors at Oil India Limited (OIL) have approved the buyback of 4.49 crore equity shares - representing 5.6% of the company's equity shares - at a share price of Rs. 340. The total value of the OIL buyback would be Rs. 1,527.01 crore. The Buyback, the company said, would be on a proportionate basis through the tender offer route. OIL, which contributes around eight per cent of the country's oil production, and 10 per cent of India's gas production, is among the companies the government is considering for consolidation into a larger oil&gas; firm, which could be more effective in international bids for oilfields, and better placed to take on competition.
20-03-2017
Bigul

Outcome of Board Meeting

Outcome of Board Meeting : Buyback of Shares
20-03-2017
Bigul

Vertical integration will boost oil firms, says OIL chief Bora

Bora refrained from giving any further details on the nature, scope and timeline of such a merger
12-03-2017
Bigul

Oil India Limited

Oil India Ltd on Friday said that its board will meet on March 20 to consider the proposal to buy back shares of the company. Shares of the company were ended up 3.2 per cent at 334.40 on the...
10-03-2017
Bigul

NOTICE Is Hereby Given That A Board Meeting Is Convened As Under : DATE:20.03.2017 (Monday)

AGENDA :Inter-alia to consider the proposal for Buy Back of the fully paid-up equity shares of the Company. TRADING WINDOW CLOSURE :11.03.2017 to 22.03.2017 (Both days inclusive)
10-03-2017
Bigul

Government Bails Out ONGC, OIL Of Rs 22,000 Crore Royalty Liability

The central government will pay two state-owned firms' outstanding liabilities of Rs 14,698 crore directly to the state governments, who will not insist on levy of Rs 7,223 crore interest on...
28-02-2017
Bigul

Results Press Release for December 31, 2016

Oil India Ltd has informed BSE about : 1. Result Press Release for the period ended December 31, 2016
01-02-2017
Bigul

OIL net rises 19% on crude recovery

State-run Oil India Ltd (OIL) reported a net profit of 454.69 crore in the third quarter of the financial year 2017. This was 18.82 per cent higher than the 382.66-crore net profit in financial...
31-01-2017
Bigul

Oil India incomes flat while profits revive in third quarter

Oil India has declared an interim dividend of Rs. 9.5 per equity share alongside its Q3 results. The company' s Q3 income grew 4.45% to Rs. 2445.9 crore, and profits expanded 18.8%. But Q3 growth has not been sufficent to make up for a very weak Q2 and the nine-month period deficit in incomes and profits in FY17 compared to FY16. The company had previously announced a bonus issue of shares in the ratio of 1:3 (one bonus equity shares of Rs .10/- each for every three existing fully paid up equity share of Rs 10/- each).
31-01-2017
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