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Oil India Limited Buy-Back Details

The story of Oil India Limited (OIL) traces and symbolises the development and growth of the Indian petroleum industry. From the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated upstream petroleum company, OIL has come far, crossing many milestones.

On February 18, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Indian North East. In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK. In 1981, OIL became a wholly-owned Government of India enterprise.

Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.
Oil India Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal 19-11-2018
Date of Buyback Approval 19-11-2018
Date Public Announcement of Buyback 19-11-2018
Buyback Type Tender Offer
Buyback Record Date 03-12-2018
Buyback Opening Date 15-02-2019
Buyback Closing Date 01-03-2019
Buyback Amount ₹ 1085.72 Cr
Buyback Number of Share 5,04,98,717
Buyback Price ₹ 215 Per Share
Face Value ₹ 10
Holding Time 3 Months
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Profit acceptance Ratio
Buy 930 Shares at CMP ₹ 200 [2,00,000/215 = 930]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 200 ₹ 200 ₹ 200 ₹ 200
Amount Invested in Buyback ₹ 1,86,000 ₹ 1,86,000 ₹ 1,86,000 ₹ 1,86,000
No. of Shares Buy 930 930 930 930
Earning Per Share ₹ 15 ₹ 15 ₹ 15 ₹ 15
No. of Shares Buy-Back 307 465 698 930
BuyBack Profit ₹ 4603.5 ₹ 6975 ₹ 10462.5 ₹ 13950
Profit(%) - % - % - % - %
Oil India Limited Contact Details
Oil India Limited
Plot No. : 19, Sector 16-A,
Noida-201 301, Uttar Pradesh
E-mail: oilindia@oilindia.in,
Website: www.oil-india.com
Registrar of Oil India Limited
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