OIL INDIA LTD. - 533106 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
The Company has received disclosures dated 14th March, 2019, in Form 'C' under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended ('Insider Trading Regulations') from the Promoter of the Company i.e. The President of India acting through Ministry of Petroleum and Natural Gas, Government of India ('Promoter') for the sale of 3,35,63,696 equity shares of the Company aggregating to Rs. 721,61,94,640 pursuant to the buyback offer of the Company for the buyback of not exceeding 5,04,98,717 equity shares through stock exchange mechanism pursuant to the circular of the Securities and Exchange Board of India bearing reference number CIR/ CFD/POLICYCELL/1/2015 dated April 13, 2015 read with circular bearing reference number CFD/DCR2/CIR/P/2016/131 dated December 9, 2016, as may be amended from time to time. Since the aggregate traded value is in excess of Rs.10,00,000 (Rupee Ten Lakhs), we are enclosing herewith the copy of Form 'C' in the prescribed format as required under Regulation 7(2) of the Insider Trading Regulations.15-03-2019