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.
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
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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] |
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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
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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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